Eidos Parent SCi Changes Management, Pursues Sale; Stock Price Climbs

By Nick Breckon, Jan 18, 2008 11:20am PST Over one million sales of Eidos' shooter Kane and Lynch couldn't save parent company SCi's stock from a free-fall.

Investors angry over the bad tidings have forced SCi to make a change today, with chief executive Jane Cavanagh and others stepping down to make way for new blood. Former Electronic Arts corporate development director Phil Rogers will take Cavanagh's place as chief executive.

The corporate shift follows news of a potential SCi-Midway merger. Talks apparently broke down last week, with SCi putting a stop to offers from potential buyers. However, SCi chairman Tim Ryan was quoted today by Bloomberg.com, saying he would "pursue every opportunity to sell [SCi]."

Since the announcement, SCi's stock price has soared over 45% in trading today.

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