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The news follows Monday’s announcement that SCi’s takeover has become unconditional, after having received the approval of both companies’ shareholders. Eidos’ new board of directors will include SCi’s CEO Jane Kavanagh, aswell as Bill Ennis and Rob Murphy, all of whom will become directors of the company, also with immediate effect.
Significant lay-offs are expected to be implemented by SCi in the coming days, with the current resignations including Eidos chairman John van Kuffeler, CEO Mike McGarvey, CFO Stuart Cruickshank, and European managing director Jonathan Kemp.
SCi is aiming to raise in the region of £60million through the selling of new shares, which will go towards the operation of the newly merged company, which SCi secured after a dramatic bidding war, with rivals including American firm Elevation Partners LP.
Look out for more news on the story, as it develops.
