
It’s been a busy old week for Eidos, and one partially in keeping with the company’s changeable successes in the last year or so. Long story short, a much needed cash injection has arrived, courtesy of stock purchase by Warner Bros.
SCi, Eidos’ parent company, first announced that it was taking purchase offers, in order to raise the cash required to keep it afloat. The company then openly announced that it had turned down at least one bid, from an anonymous source.
The source was tipped to be Time Warner, who ended up taking a £15 million chunk of SCi stock instead, meaning a full sale is now unlikely.
Shares were issued at 35p each, and the announcement caused the company’s public stock to drop 17% to just 46p - under 10% of where it was a year ago.
Part of the agreement seemingly involves Warner Bros taking over all Eidos publishing duties in the US and Canada, resulting in speculation that the entirety of Eidos’ PR staff in those regions are due to be laid off, effective immediately.
Still, looks like Lara’s safe for the time being.