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 Send to email | SCi Spurns Infogrames Buyout Bid [Infogrames Wants Lara] in AcquisitionsAtariEidosinfogramesInfogrames Wants LaraNewsSciWarner Bros |  By Leigh Alexander
el 28-Apr-2008 |
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 French Atari parent Infogrames wants to purchase Eidos parent SCi, and has already extended it a "financially disciplined" offer, Infogrames revealed today via a regulatory announcement.
However, says Infogrames: "The SCi Board has declined, at this stage, to entertain Infogrames' offer."
Infogrames is still raring to go on the bid, though, saying that it has "sufficient resources" to satisfy the offer, and adding it has also "secured commitments" that will help fund SCi's potential working capital requirements. "Importantly," the statement adds, "Infogrames is in a position to move expeditiously with its proposal." The regulatory announcement suggests the door's still open on the proposal, though there are no guarantees:
"Whilst Infogrames has been considering a range of options, including but not limited to a potential merger with SCi, there can be no certainty that any offer will be made for SCi," said the statement in part, concluding with, "A further announcement may be made, if and when appropriate."
SCi recently got a shot in the arm in the form of a $120 million bailout from investor Warner Bros.,who increased its stake in the company to 20 percent. In the process, SCi gained access to couple WB licenses (Looney Toons, The OC, the Batman comics) — and, apparently, lost 25 percent of its staff as well as some current projects (flagship titles like Tomb Raider, Hitman, Deus Ex and Championship Manager are safe).
When approached for questions, a rep for SCi said he was unable to comment on the company's current business.
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 | Kotaku`s The Gamers Guide |  Blogger | XBOX 360 Gamers Weblog
Gossip, news and leaks for obsessive gamers Kotaku As if you don't waste enough of your time in a gamer's haze, here's Kotaku: a gamer's guide that goes beyond the press release. Gossip, cheats, criticism, design, nostalgia, pred |
| SCi Spurns Infogrames Buyout Bid [Infogrames Wants Lara] | | French Atari parent Infogrames wants to purchase Eidos parent SCi, and has already extended it a "financially disciplined" offer, Infogrames revealed today via a regulatory announcement.
However, says Infogrames: "The SCi Board has declined, at this st [..] Read complete article | | Published 28-Apr-2008 by Leigh Alexander in AcquisitionsAtariEidosinfogramesInfogrames Wants LaraNewsSciWarner Bros
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| Kotaku`s The Gamers Guide | Blogger | XBOX 360 Gamers Weblog
Gossip, news and leaks for obsessive gamers Kotaku As if you don't waste enough of your time in a gamer's haze, here's Kotaku: a gamer's guide that goes beyond the press release. Gossip, cheats, criticism, design, nostalgia, pred |
| Infogrames Completes Atari Buyout [Infogrames] | | Finally, some news about a troubled, bankrupted former household name getting bought up by someone other than the government. Infogrames has completed its purchase of Atari, for all of $11 million. The French publisher already owned about 51 percent of [..] Read complete article | | Published 11-Oct-2008 by Owen Good in infogrames Atari News
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| Kotaku`s The Gamers Guide | Blogger | XBOX 360 Gamers Weblog
Gossip, news and leaks for obsessive gamers Kotaku As if you don't waste enough of your time in a gamer's haze, here's Kotaku: a gamer's guide that goes beyond the press release. Gossip, cheats, criticism, design, nostalgia, pred |
| Infogrames And Namco Bandai's Europe Joint Venture [Europe] | | In a press release issued today, Namco Bandai Games announced a strategic joint venture with Infogrames/Atari. Namco Bandai will invest 34 percent (an estimated €30 million) into Infogrames/Atari's European and Asian sales network. This will strengthen a distribution relation between the two co [..] Read complete article | | Published 09-Sep-2008 by Brian Ashcraft in Europe infogrames Namco Bandai News Original
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| Infogrames, Namco Bandai strike distribution deal |  Filed under: Business
After getting the unfamiliar taste of profit out of its mouth, Infogrames is hungry for more. To this end, the parent of oft-addled Atari announced that it has cozied up to fellow publisher Namco Banda [..] Read complete article | | Published 10-Sep-2008 by Jason Dobson in asiaataridistributioneuropeinfogramesnamco-bandaipartnershipprofit
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| Infogrames confirms rejected SCi attempted purchase |  Filed under: Business
And playing the part of the jilted lover in today's episode of As The Game Industry Turns is Infogrames, as the company confirmed that while it recently offered to purchase Eidos-owner SCi, the Atari-parent [..] Read complete article | | Published 29-Apr-2008 by Jason Dobson in aciacquisitionatarieidosinfogrameslara-croftlaracroft
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| Kotaku`s The Gamers Guide | Blogger | XBOX 360 Gamers Weblog
Gossip, news and leaks for obsessive gamers Kotaku As if you don't waste enough of your time in a gamer's haze, here's Kotaku: a gamer's guide that goes beyond the press release. Gossip, cheats, criticism, design, nostalgia, pred |
| Joystiq | Blogger | Covers video game news from an independent, unbiased perspective
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| Joystiq | Blogger | Covers video game news from an independent, unbiased perspective
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| Joystiq | Blogger | Covers video game news from an independent, unbiased perspective
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| Kotaku`s The Gamers Guide | Blogger | XBOX 360 Gamers Weblog
Gossip, news and leaks for obsessive gamers Kotaku As if you don't waste enough of your time in a gamer's haze, here's Kotaku: a gamer's guide that goes beyond the press release. Gossip, cheats, criticism, design, nostalgia, pred |
| Atari, Infogrames To Get Merge On [Business] | | Can't say we didn't see this one coming. Infogrames, already the majority shareholder in the struggling Atari—the company recently delisted from the NASDAQ stock exchange—will soon "acquire the remaining outstanding equity interests of Atari." A [..] Read complete article | | Published 30-Apr-2008 by Michael McWhertor in AtariBusinessIndustryinfogramesNews
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