U.K. Game Developer SCi Confirms Takeover Rumors

Authored by Mark Hefflinger on October 24, 2005 - 7:31am.

London - Shares in SCi Entertainment, the U.K.-based game developer behind the popular "Lara Croft: Tomb Raider" series, soared by as much as 28% in late afternoon trading in London after the company confirmed that it has received takeover approaches from several companies. "The board of SCi notes today's press comment and confirms that it has received approaches from various parties which may or may not lead to an offer for the company," SCi said, adding that it would comment further on the matter "as and when appropriate". A number of news reports have linked U.S.-based game makers Midway and Electronic Arts with the bids, while Apax Partners, a U.K.-based venture capital firm, is also rumored to have thrown its hat into the ring.
http://www.sci.co.uk/corporate