Eidos Parent SCi Closes Takeover Talks
Midway's hopes of acquiring properties like Tomb Raider and Kane & Lynch will have to wait; Eidos parent company SCi has put a stop to discussions concerning a takeover and is no longer entertaining offers from potential buyers, Yahoo reports.
The company cut off talks after a lack of any formal offers from interested parties and a belief that the company would not be sold for its full value.
In lieu of a corporate bail-out, SCi has announced that it expects a financial loss for 2008 and plans to shift the release dates of four titles—including Crystal Dynamics' Tomb Raider: Underworld (PC, PS3, X360)—into the fourth quarter in the hopes of boosting sales via the holiday rush.
"a belief that the company would not be sold for its full value.
Well, YEAH. Only a gullible c..."5 Comments
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