SCi confirms bid talks
04/09/2007 - 10:12:19Troubled computer games publisher Sci Entertainment today said it was in talks over a possible sale of the business.
The Lara Croft Tomb Raider games publisher confirmed it had entered “extremely preliminary” sale discussions just two months after the company was hit by a profits warning.
Shares in Sci soared 15% yesterday – valuing the business at around £300m (€450m) – as bid rumours swept the market.
Companies touted as potential buyers of the firm, which issued a profits warning in July, include US gaming giant Electronic Arts and entertainment group Warner Brothers, holder of a 10% stake in Sci.
The London-based company added there was no certainty of an offer and “no proposal has been received at this time”.
