SCi Rejects Buyout Offer from Unnamed Third Party

Eidos Interactive parent company SCi Entertainment Group announced today that it has rejected a new offer from an undisclosed party, citing the company's "signficant short- to medium-term funding requirements."

The company noted that though the received proposal came at a significant premium to current share prices, it offered "mostly equity consideration but the third party would have assumed responsibility for [SCi's] funding requirements." The offer was also subject to conditions, including significant due diligence.

SCi recently confirmed rumors that an offer had been made, but did not reveal where the offer came from. The struggling UK-based SCi was previously rumored to be in talks with NBC Universal for a $100M investment in the company.

Recent financial hardship recently moved SCi to axe 14 upcoming projects and lay off 25% of its workforce. The group had previously entertained buyout offers from a number of companies including Midway, but cut off talks earlier this year.

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From The Chatty
  • reply
    April 23, 2008 1:29 PM

    Do these guys make anything decent anymore? I cant recall ever seeing their logo on anything I play; or is it one of those things they have a corner of a nitche market on, like racing or billiards?

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      April 23, 2008 1:33 PM

      Well, they own Eidos, and Eidos publishes Tomb Raider, Deus Ex, Kane & Lynch, Hitman, etc.

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        April 23, 2008 1:40 PM

        so, no? lololol

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          April 23, 2008 3:00 PM

          my thoughts exactly, lol.

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            April 23, 2008 3:03 PM


            Tomb Raider - done to death
            Deus Ex - is the sequel being worked on by anyone from the original team?
            Kane & Lynch - pass
            Hitman - the one good thing they still have going

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              April 23, 2008 4:07 PM

              i never liked tombraider. they were always so boring
              deus ex was a game i picked up as a teenager and quit within the first 20 minutes because i couldnt figure out what to do and i hated the controls
              kane & lynch had fucked controls and wasnt so great at all
              hitman i could never get into

              personal opinion though

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                April 24, 2008 2:32 AM

                Shit man if you haven't played through Deus Ex you need to go do that. Possibly the best FPS ever.

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            April 23, 2008 3:05 PM

            Actualllyyy.... since Midway wants to bring us back to the early 90's of Something stupid vs. Something else that is stupid they could do...

            Hitman vs. Tomb Raider vs. Kane and Lynch

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