PRICE BALLOONS ON TALK
Copyright 2004 www.tombraiderchronicles.com
[ December 29th 2004 ]
publisher Eidos has gained 7p to close at 79p
as traders bet that 2005 is likely to be a year
of consolidation for the computer games industry.
This view seems to have been sparked by last week's
news that Electronic Arts had picked up a 20 per
cent holding in Ubi Soft, Europe's third-biggest
video games developer, and hints that it may try
to take control of the company. Should EA pull
off such a coup, Eidos, which earlier this year
put itself up for sale, could well be the next
on the US group's hit list.
confirmed it would pursue a sale during the Company's
AGM in November. "During the review process, we
concluded that shareholders' interests would be
best served by exploring the sale of the Company.
Consequently, in conjunction with our financial
advisers, UBS, we prepared a short list of the
most likely potential partners. We then held preliminary
discussions on a confidential basis with short
listed candidates as well as with certain other
interested parties who approached us directly."