SCi confirms “open offer” talks

Monday, 21 April 2008 22:31 GMT By Patrick Garratt

SCi has issued a statement confirming it is in talks to effectively sell the company, following weeks of speculation that Time Warner, NBC and various other companies are courting the Lara owner.

“The Board of SCi notes the recent speculation about an equity issue and confirms that it is considering a placing and open offer in the near future,” said the firm.

“This fund raising will be to raise the working capital the Company indicated it required at the time of its interim results on 29 February.”