Eidos to get £700m offer
And other bubble economy nuggets
Infogrames is understood to have offered a buyout deal for Eidos that values the computer games company at £700 million. The talks are said to have reached the final stages, with the French software group putting forward an all-share deal, making Eidos shares worth between 600p and 700p, according to todays FT.
But the FT admitted the deal could still go either way - whereas the talks "could be completed within weeks", it added that the deal "could still fall through over valuation and management issues".
Online car retailer OneSwoop is reported to be in secret talks with a range of car manufacturers over buying unsold, pre-registered cars. These are cars
that the companies have registered as sold to boost monthly sales figures, but in reality sit on the lot unsold. The talks come as a range of government bodies start prying into the car business to find out why UK cars are so expensive.
QXL.com and Orange have signed a team to offer auctions via WAP. QXL already has a similar deal with BT Cellnet.
E-bookers.com has denied press reports that it is running out of cash. The online travel agency said it was in "advanced discussions" with potential investors about extra funding. It is due to announce second quarter results next Monday, and will include further financing details at this point.
E-bookers raised $60 million when it floated, and had $32 million left at the end of March. It has a cashburn of around $3 million a month.
Freeserve and the Bradford & Bingley building society have joined forces in an online property Website. The database of houses for sale will draw on the files of Bradford & Bingley's own network of 370 estate agency branches. The site will be launched to Freeserve's 3.4 million users in the autumn. ®