SCi GROUP CONCLUDES TAKOVER TALKS
Copyright 2006 www.tombraiderchronicles.com

[ February 15th 2006 ]

SCi Entertainment Group Plc has said talks to find a potential buyer have ended without success. The announcement caused the company's share price to fall on the London Stock Market during morning trade.

"The Board of SCi announces today that it has terminated all discussions in relation to an offer for the Company. The Board does not believe that it is in the Company's or the shareholders' interests to prolong talks any further."

On the assimilation of newly aquired British rival Eidos, SCi said: "The integration of SCi and Eidos has been successfully completed and the Group remains on track to achieve its financial targets for the year to 30 June 2006.

"As recently reported the level of sales activity in the first half of the financial year exceeded £40 million. This is approximately £15 million better than the Group's internal budget."

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