Feeds

Bono ditches Lara Croft

Eidos sale falls through

  • alert
  • submit to reddit

Website security in corporate America

Elevation Partners, the venture capital group which includes Bono amongst its directors, has pulled out of the bidding for UK games publisher Eidos.

Elevation was bidding for Eidos through EM Holdings. In a statement the firm said it was withdrawing its cash offer of 50p per share. It also said it noted the strong support for rival bid from SCi. The statement said: "EM Holding note the strong support from Eidos's shareholders that the SCi offer has received and would like to wish Eidos and its stakeholders well under the proposed stewardship of SCi."

The departure of Elevation and Bono leaves the way clear for SCi to buy Eidos. SCi's offer of one share in the new firm for every six Eidos shares is supported by the Eidos board.

The takeover is expected to be approved by Eidos shareholders.®

Related stories

Eidos board backs SCi bid
Eidos board under fire over Elevation bid bias
SCi launches bid for Eidos

Reducing the cost and complexity of web vulnerability management

More from The Register

next story
Hey, Scots. Microsoft's Bing thinks you'll vote NO to independence
World's top Google-finding website calls it for the UK
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Apple CEO Tim Cook: TV is TERRIBLE and stuck in the 1970s
The iKing thinks telly is far too fiddly and ugly – basically, iTunes
Israeli spies rebel over mass-snooping on innocent Palestinians
'Disciplinary treatment will be sharp and clear' vow spy-chiefs
Huawei ditches new Windows Phone mobe plans, blames poor sales
Giganto mobe firm slams door shut on Microsoft. OH DEAR
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
OECD lashes out at tax avoiding globocorps' location-flipping antics
You hear that, Amazon, Google, Microsoft et al?
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.