Feeds

Bono ditches Lara Croft

Eidos sale falls through

  • alert
  • submit to reddit

Secure remote control for conventional and virtual desktops

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

Secure remote control for conventional and virtual desktops

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Fast And Furious 6 cammer thrown in slammer for nearly three years
Man jailed for dodgy cinema recording of Hollywood movie
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Scale data protection with your virtual environment
To scale at the rate of virtualization growth, data protection solutions need to adopt new capabilities and simplify current features.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?