Two bidders for stricken Scottish games maker

SOE firm may be saved

By John Oates • Get more from this author

Posted in Financial News, 11th April 2005 15:23 GMT

Two possible bidders have emerged for Scottish games company Vis Entertainment after it went into administration last week.

A spokesman for Tenon Recovery told Reuters it had already received two "expressions of interest". Administrators are looking at the state of the company's finances before talking to potential suitors.

Fund4Games, the investment unit of Noble Group, is one possible bidder, according to the Scotsman newspaper.

Vis Entertainment had offices in Edinburgh and Dundee. It was responsible for hit game State of Emergency. The company was founded in 1996 by Chris van der Kuyl.

The Dundee office, which closed on Thursday at the cost of 26 jobs, may be bought out by staff. About the same number lost their jobs from the Edinburgh studios and another 42 have been asked to return once administrators have looked at the books.

But the rights to the sequel to State of Emergency are held by another company - SOE Development.®