SCi Rejects New Offer

GamesIndustry.biz reports that SCi has rejected the latest offer for their
company, though the newest suitor for the Eidos parent (story)
remains unidentified. Word is: 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 mostly equity consideration. However, the
third party would have assumed responsibility for the company's future funding,
a situation the SCi board refused to sign off on.

"The pursuit of an uncertain takeover proposal with consequent delay and risks
to the Company's proposed issuance of new equity to fund the execution of its
revised strategic plan would not be in the best interests of the Company or its
shareholders," the company explained in a statement.


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