Feeds

Bono ditches Lara Croft

Eidos sale falls through

  • alert
  • submit to reddit

Designing a Defense for Mobile Applications

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

The smart choice: opportunity from uncertainty

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Airbus promises Wi-Fi – yay – and 3D movies (meh) in new A330
If the person in front reclines their seat, this could get interesting
UK Parliament rubber-stamps EMERGENCY data grab 'n' keep bill
Just 49 MPs oppose Drip's rushed timetable
Want to beat Verizon's slow Netflix? Get a VPN
Exec finds stream speed climbs when smuggled out
Samsung threatens to cut ties with supplier over child labour allegations
Vows to uphold 'zero tolerance' policy on underage workers
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
prev story

Whitepapers

Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.