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U.K. Game Publisher SCi Breaks Off Talks with Bidders

Authored by Mark Hefflinger on February 15, 2006 - 9:30am.
London - SCi Entertainment, a U.K.-based computer games publisher, announced that it has ended all talks concerning a possible 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," SCi said. The company also maintained its guidance for the year and announced the successful integration of Eidos, the company behind the popular "Tomb Raider" games. Last October, SCi's shares increased by 25% after the company said it was approached twice by unnamed bidders. On Wednesday, SCi shares fell by as much as 12% in late-afternoon trading in London.
tags: Games | SCI | Breaks | Talk | Publisher | Bidders |