NEWS - Monday, August 9, 2004


Ubisoft To Buyout Eidos

Ubisoft is apparently close to sealing a £215 million deal that will see it take over British publisher Eidos. Senior Ubisoft executives are believed to have spent the last week at Eidos' offices in London thrashing out the final stages of the bid, which has now been in the works for over two years. Eidos shares rose 7 per cent at the news on Monday morning, although an afternoon price of £1.16 remains a far cry from the £1.84 value in May this year. Analysts are basing the company's £215 million value at a price of £1.50 per share. Ubisoft has long been in negotiations with Eidos. The president of the French publisher, Yves Guillemot, admitted as long ago as E3 in 2002 that talks were underway with the Tomb Raider parent. Mike McGarvey, Eidos CEO, is now believed to be attracting investment for a MBO in a last ditch effort to fight off the French, although investors remain stunned by three profit warnings in 2004 alone. Eidos' fortunes have been less than stellar of late, following a catastrophic next generation showing for Lara in Angel of Darkness - a game so poorly received and so lately delivered that Core Design was stripped of development rights - and a baleful set of sales figures for Hitman 2, despite the success of the first game. A successful completion of the move by Ubisoft will see the last British independent games publisher swallowed up. Eidos has struggled to compete with larger brethren for many years, and took a heavy knock from the critical panning of Angel of Darkness.
Source: http://www.gamesindustry.biz

Comments

Site Statistics

Registered Members: 49,174
Forum Posts: 725,920
Xbox One Titles: 2,912
Xbox 360 Titles: 1,086
Xbox 360 Kinect Titles: 95
Xbox 360 Arcade Titles: 586
Original Xbox Titles: 987
Staff Reviews: 2,046
Member Reviews: 10,339
News Articles: 15,652
Screenshots: 34,240
Xbox 360 Achievements: 45,112
Xbox 360 Faceplates: 2,016
Cheat Codes: 1,706

Latest News








See News Archives

Community Forum Activity

Watch Dogs: Legion
Post by Nato King
0 Replies, 2913 Views

Xbox Series X or S
Post by Nato King
4 Replies, 3141 Views

Spellbreak Grand Magus Pack (3) and Starter Pack (7) Giveaway!
Post by Variation-XBA
0 Replies, 3205 Views

I pay $ 1000! I search the Element 54 Canadian launch Team signaturen Faceplate
Post by Smill
0 Replies, 7055 Views

Xbox one no signal
Post by debrartin
0 Replies, 28469 Views

do you remember?
Post by SnoochyBoochy
3 Replies, 28914 Views

i haz xbox
Post by SnoochyBoochy
0 Replies, 24881 Views

Claiming the first thread of 2020
Post by Kraft
7 Replies, 43222 Views

Important! I pay $ 1000! I search the Sweden launch and the Element 54 Faceplate
Post by Smill
3 Replies, 23828 Views

Squad Up
Post by samslophead
0 Replies, 51465 Views

TERA Skinned Xbox One X Giveaway!
Post by Variation-XBA
0 Replies, 53478 Views

Starfield Release expectations?
Post by DJ tx
4 Replies, 89590 Views

Issue with Xbox live on Xbox home
Post by rcmpayne
0 Replies, 61819 Views

Happy Birthday, Me.
Post by SnoochyBoochy
4 Replies, 75926 Views

Xbox Playdates Canada October, 2018 Play date info thread.
Post by Kiesey
2 Replies, 19432 Views

© 2000-2020 XboxAddict.com - All rights reserved. All trademarks are properties of their respective owners.
Xbox is a registered trademark of Microsoft. XboxAddict.com is not affiliated with Microsoft.

Made in Canada
Site Design by Cameron Graphics