SCi REGISTERS 34 PER CENT SHARE SLIDE
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[ May 6th 2005 ]

SCi Entertainment Group, the British video-game publisher who recently agreed an all-share acquisition offer for rival Eidos plc, lost a further 7p per share during trade yesterday, clocking up a monthly deficit of 34pc. The earlier decline had been attributed to a profit warning issued by EA - the second in six weeks - citing a current shortage of consoles and a reluctance by gamers to invest in old hardware.

Wednesday's reduction of 15pc reduced SCi's market capital to just over 82.96 million pounds. The slide was due to "margin calls" - when a stockbroker requests more cash to cover positions held through a derivative trade known as a contract for difference, claims The Telegraph.

SCi Entertainment, the victor in an acquisition battle with U.S. equity group Elevation Partners for beleaguered publisher Eidos plc, is expected to finalise the deal in the coming weeks.