sonycowboy
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http://www.computerandvideogames.com/news/news_story.php?id=107836
French publisher emerges as front-runner in Eidos bidding talks, say reports
12:53 So last week it was rumoured to be EA, this week it is Ubisoft. According to national newspaper The Sunday Telegraph, the French gaming giant is currently locked in talks over the possible buyout of UK publisher Eidos.
Only last week, the Lara Croft home confirmed that negotiations with "a small number of parties" were ongoing. The latest reports suggest that senior figures from Ubisoft have spent the last few days at Eidos' H.Q., thrashing out details of a possible deal, which would value Eidos in excess of £215 million, or around 150p a share.
However, while Eidos shares are currently enjoying a minor resurgence in the stock market (its share price is currently up 6.9 percent at 116p), the opposite could be said of its French admirer.
As of Monday morning, shares in Ubisoft tumbled by 5.2 percent, no doubt a direct result of analysts warning that any deal for Eidos would stretch the company's already tight finances.
While there is no official comment from either company for the time being, the latest developments certainly make interesting reading. Other new names also being bandied about include Sony and Microsoft, which would inevitably strip Eidos of its status as a multi-format developer.
If Ubisoft is to prove successful in its supposed bid, it would essentially leave rival Codemasters as the only major representative of the UK games publishing scene.
In fact, Codemasters itself was also the subject of recent 'for sale' rumours in the press, rumours which have since been dismissed by a key spokesperson for the publisher as "rubbish" and "complete fabrication".
"We are not up for sale, we have never been up for sale and have no intention of being up for sale," the Codemasters spokesperson added when spoken to earlier today. That's made that one clear, then.
French publisher emerges as front-runner in Eidos bidding talks, say reports
12:53 So last week it was rumoured to be EA, this week it is Ubisoft. According to national newspaper The Sunday Telegraph, the French gaming giant is currently locked in talks over the possible buyout of UK publisher Eidos.
Only last week, the Lara Croft home confirmed that negotiations with "a small number of parties" were ongoing. The latest reports suggest that senior figures from Ubisoft have spent the last few days at Eidos' H.Q., thrashing out details of a possible deal, which would value Eidos in excess of £215 million, or around 150p a share.
However, while Eidos shares are currently enjoying a minor resurgence in the stock market (its share price is currently up 6.9 percent at 116p), the opposite could be said of its French admirer.
As of Monday morning, shares in Ubisoft tumbled by 5.2 percent, no doubt a direct result of analysts warning that any deal for Eidos would stretch the company's already tight finances.
While there is no official comment from either company for the time being, the latest developments certainly make interesting reading. Other new names also being bandied about include Sony and Microsoft, which would inevitably strip Eidos of its status as a multi-format developer.
If Ubisoft is to prove successful in its supposed bid, it would essentially leave rival Codemasters as the only major representative of the UK games publishing scene.
In fact, Codemasters itself was also the subject of recent 'for sale' rumours in the press, rumours which have since been dismissed by a key spokesperson for the publisher as "rubbish" and "complete fabrication".
"We are not up for sale, we have never been up for sale and have no intention of being up for sale," the Codemasters spokesperson added when spoken to earlier today. That's made that one clear, then.
