EIDOS TO 'CONSIDER'
76.1M SCi OFFER
Copyright 2005 www.tombraiderchronicles.com
[ March 22nd 2005 ]
Computer
game publisher Eidos - currently at the center
of a bidding war - will 'consider' a second offer
from SCi Entertainment Group who weighed in with
a 76.1 million all-share bid this morning, AFX
reports. Overnight, Elevation Partners - a private
equity group helmed by U2 singer Bono and former
Electronic Arts president John Riccitiello and
armed with a 500 million pound war chest - tendered
a bid which valued Eidos at 71.0 million.
Heavy
trading on Eidos' stock spurred on by an approach
from SCi and Elevation Partners has seen the beleaguered
video-game publisher add 11 pence (24.58%) to
its market capital. The fight between SCi and
Elevation Partners brings to an end months of
speculation on the future of Eidos, its employees
and shareholders.
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