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Mutantius
VIP Member
Posts: 18594
Location: In Elektro looking for beans
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 Posted: Tue, 22nd Mar 2005 05:43 Post subject: Eidos Sold. |
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Video games maker Eidos has agreed a 71 million pounds cash offer from a unit of U.S. private equity company Elevation Partners LP, the firms say.
The offer price was 50 pence per Eidos share, a premium of nearly five pence on their Monday closing price of 44 3/4 pence.
"The board firmly believes that shareholders' interests are best served by a sale of the company," John van Kuffeler, chairman of the board of Eidos, said in a statement.
Thanks bluesnews.com
sources:
http://www.reuters.co.uk/newsArticle.jhtml?type=topNews&storyID=7964294
"Why don't you zip it, Zipfero?" - fraich3
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| Posted: Tue, 22nd Mar 2005 05:54 Post subject: |
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wow maybe there's still life in hitman and tomb raider after all! 
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swebarb
Posts: 2154
Location: Vikingland
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| Posted: Tue, 22nd Mar 2005 08:51 Post subject: |
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| Posted: Tue, 22nd Mar 2005 09:08 Post subject: |
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| Posted: Tue, 22nd Mar 2005 09:14 Post subject: |
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| swebarb wrote: | | that sucks. |
Nay, they deserve far worse a fate.
Eidos was once a name associated with some great titles.
The Golden Age if you will.
The time of Deus Ex, the time of Thief.
Slowly its hunger grew, until it became insatiable. It's hallmark titles fell victim to their own mother, the new corporate whore.
Well, both of them now surely laugh with glee, for vengance is sweet indeed.
Burn Eidos! You won't be missed.
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| Posted: Tue, 22nd Mar 2005 09:31 Post subject: |
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i dont think a company would by out another which is clearly dying unless it can see a way to salvage the money back through existing ideas thought up by eidos and ideas by the new company. especially paying 5pence more there's gotta be something fishy about it.
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| Posted: Tue, 22nd Mar 2005 10:17 Post subject: |
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Indeed 135 Miljoen Dollars they paid for Eidos. It's better so than see Eidos go totaly down. Curieus what's going to happen with Still Life, Championship Manager, Hitman and Tomb Raider franchises
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| Posted: Tue, 22nd Mar 2005 11:11 Post subject: |
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Elevation Partners LP is Bono Vox from U2
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| Posted: Tue, 22nd Mar 2005 17:33 Post subject: |
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second offer has been made for British publisher Eidos, with rival firm SCi announcing details of a stock offer which would value each share in the company at around 53.6 pence - significantly higher than last night's offer from Elevation Partners.
SCi's offer, announced a few moments ago to the City, would see the Clapham-based publisher acquiring the entire share capital of Eidos in a deal which swapped one SCi share for every six Eidos shares held.
At SCi's Monday closing price of 321.5 pence, that would value each share in Eidos at 53.6 pence, and the company as a whole at £76.1 million. SCi plans to enlarge its share capital to enable this offer, and will also raise some £60 million from a placing and open offer of new shares to provide the combined group with a solid balance sheet.
The announcement of the deal muddies the water around the future of Eidos somewhat, as it comes hot on the heels of an offer last night from US private equity firm Elevation Partners, which was seen by many as a done deal.
Elevation, a private firm co-founded by former EA president John Riccitiello, is offering 50p per share in cash - a few pence lower than SCi's offer.
If SCi's offer is accepted, it would make the company into by far the largest publisher in the UK, and the combined firm would be a fairly major player on the world stage - a fact which SCi ranks high in its list of reasons for making the offer.
Thanks BleuNews
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