WARNER MUSIC TARGETS SCI GROUP PLC
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[ November 7th 2006 ]

Warner Music has been linked to a potential 625p-per-share bid for SCi Entertainment Group, owners of Eidos plc and a string of franchise titles including Hitman, Tomb Raider and Championship Manager. According to The Independent, traders report than an offer for the British publisher is imminent.

Based in Wimbledon, SCi Entertainment Group Plc consists of publishing operations across Europe and the US and several development studios including Crystal Dynamics, IO Interactive and Pivotal Games as well as a valuable stake in other studios.

The Group recently announced its core earnings had reached 28.8 million pounds ($54.58 million) in the year to June 30, on revenue of 179.1 million and a pre-tax profit of 8.1 million. The results to 30 June 2006 were the first full year results following SCi's acquisition of Eidos PLC in May 2005.

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