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Regular readers will know that the Eidos Affair (TM) has been ongoing for a fair old while now, with speculation that they were to be bought out rife since last year. Well, we are now (potentially) one-step closer after the board recommended that shareholders accept the offer from SCi.
In what could have developed into a bidding-war between SCi and Elevation Partners seems to have fizzled out, after Elevations’ John Riccitiello attacked the offer from SCi as being too risky, and adding that he didn’t think they would be able to turn things around. Things are not all rosy with SCi’s bid, though, and the statement made by Eidos confirmed that it is not entirely risk-free, and urged those who are risk-averse to sell their shares on the open market. Not that they would be worth much, mind.
Whatever the outcome, we can only hope that the games come through things unscathed. We’ll add more as it happens.
