SCi headlines

SCi sheds skin, changes name to Eidos

SCi’s changed its name to Eidos, GI reports. The effective date of the change will be announced later. The struggling firm is rumoured to be of interest to both EA and Ubisoft. More through there.

  • Rumour: Ubi and EA looking at SCi buy

    Edge’s reporting a rumour piece that appeared in The Daily Mail this morning, which reckons SCi’s being looked at by EA and Ubisoft. Apparently discussions of are at an “early stage” and that SCi has been approached by two separate publishers in a matter of weeks. More through there.

  • Warner president quits SCi board

    Warner boss Kevin Tsujihara has resigned as a non-executive director from the SCi board with immediate effect. The move follows the resignation of fellow director Aaron Brown on October 9. Both Brown and Tsujihara had been appointed at the same time in June as the publisher continued its attempts to revive its fortunes. More on […]

  • SCi to rebrand as Eidos

    SCi’s confirmed plans today to ditch its brand and focus on the Eidos name. “We are focusing our efforts on our cornerstone franchises, which are predominantly associated with the Eidos brand,” the firm said today as part of a financial statement. “The Eidos name is widely recognized in the games marketplace and is our trading […]

  • Lara has "everything that a man would like to meet," says Carroll

    You couldn’t make this up. New Lara model Alison Carroll reckons Lara Croft has all the things a man wants in a woman. “She’s got everything that a woman aspires to be like and everything that a man would like to meet,” she told the BBC. Carroll’s comments came after her faff was smeared all […]

  • SCi to post £100 million FY loss

    According to this Edge report, SCi is poised to show a £100 million for fiscal 07. “We have a clear strategy in place and have taken decisive steps to become a studio-led business with a focus on cornerstone franchises and a flexible approach to distribution,” said CEO Phil Rogers. “There has been substantial change and […]

  • Cavanagh gifts 1.9 million SCi shares to family

    Former SCi head Jane Cavanagh has handed 1.9 million shares in the firm to her family, GI reports. Cavanagh left the firm when things got a little “sticky” earlier this year, but apparently still retains 7.7 million shares in the company, which represents a total of 2.99 per cent voting rights, according to a financial […]

  • Robert Brent joins SCi as CFO

    SCi’s announced that Robert Brent, current head of research for KBC Peel Hunt, is to join the firm as CFO. “Robert brings extensive knowledge of SCi through his 5 years of researching and analysing our business and the videogaming sector as a whole,” commented SCi chairman, Tim Ryan. “In addition, he has worked very closely […]

  • Infogrames made bid for SCi

    Infogrames has just released a statement saying it made a bid for SCi which was rejected by the board. “Infogrames’ proposal is financially disciplined and recognises the strengths of both companies,” said the company. “Although the indicative offer is subject to standard conditions relating to due diligence, the receipt of irrevocable undertakings from certain SCi […]

  • Major layoffs rumoured at Eidos

    According to this story, “Inside sources have informed 1UP that Eidos’s entire PR, marketing, and sales department has been laid off as part of the deal with Warner Bros.” There’s been no confirmation of this as yet, and we’re assuming this relates to the US as opposed to the UK, so we’ll have to check […]

  • SCi stock drops 17% on Warner Bros funding news

    SCi’s stock dropped 17 percent this morning after the company announced that Warner Bros was to invest £15 million in its stock. The announcement, which also included a significant SCi share purchase by Warner Bros, as well as a new share placement at 35 pence per share, failed to stimulate the company’s stock, which has […]

  • Warner Bros to give SCi £15 million

    Warner Bros has confirmed a plan to buy £15 million in SCi stock, and to take control of the publisher’s distribution in the US, Canada and Mexico. In addition, SCi said the move was just the part of a plan to raise £60 million through an issue of 171,605,424 new shares at 35 pence per […]

  • SCi rejects latest offer, rumour swirls around Time Warner

    According to GI, SCi rejected the latest offer for the company. From the site: UK publisher SCi has confirmed that it has rejected the latest offer made for the company, saying the proposal failed to “represent sufficient value.” The unnamed third party’s offer came with a “significant premium” on the publisher’s current share and offered […]

  • SCi confirms "open offer" talks

    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 […]