NEWS CORP NOT
GAME FOR EIDOS BUYOUT
Copyright 2005 www.tombraiderchronicles.com
[ February 26th 2005 ]
publisher Eidos and Rupert Murdoch’s News Corp
have both dismissed claims the video-game company
was the target of a potential takeover as reported
by Games Industry earlier this week. A source
within the News Corp empire said: "We're not even
in talks with them, so we'd be struggling to be
about to buy them. It's weird; there's someone
internally saying, 'Oh, it's happening next week,'
so I'd love to know if that person has bought
the stock then watched it go up after leaking
the rumour. That's the situation. Eidos may be
on the verge of being sold, but not to us."
has become an item of choice for potential corporate
buyers in recent months, with most major publishers
being tied to acquisition talks with the company.
In January, Europe's third-largest video games
publisher Ubisoft said it had not ruling out buying
British rival Eidos as part of its defence options
against a potential takeover by Electronics Arts.
"We are still interested in this company (Eidos).
Short-term we are (more focused on) analysing
how to organise in the face of recent events rather
than on buying Eidos," Chairman and Chief Executive
Officer Yves Guillemot confirmed. "That said,
this is a defence option we have not yet ruled
out," he added.
confirmed its intention of seeking a buyer during
the company's AGM in November 2004. "Eidos remains
committed to a sale of the Company in the best
interests of its shareholders and will continue
to pursue the discussions still under way with
a view to securing an offer as soon as possible."
concludes Eidos' post-AGM statement.