Is now the time to say ‘SOLD!’?

It started with Elevation Partners and a 50p per share plan for investors. SCi stepped up to the pitch with a 74p per share, with total valuation at £103 million. Elevation Partners slammed SCi for their lack of knowledge when handling a large company such as Eidos in a takeover bid.

The board appeard reluctant to accept the SCi bid due to this, however, Eidos’ financial adviser UBS Investment Bank has advised that the SCi bid is reasonable. Therefore, Eidos has suggested to shareholders to accept the bid by SCi.

Maybe now the drama is finally over.