SCi Entertainment confirms open business offer to be implemented soon

Posted Apr 22, 2008 at 6:51AM EST by QJ Staff

Listed in: News, Titles Tags: NBC, SCi Entertainment, Time Warner, UK

Sci Entertainment owned character, Lara Croft - Image 1

After our previous reports on the status of Lara Croft's many business suitors, it seems like SCi Entertainment itself has finally confirmed the possibility of opening a major business investment in the near future to help get the company back on track.

The battle for the Tomb Raider house has been going on for quite some time now, with talks about the company's acquisition recently opening once again these past few weeks. A statement released from an SCi representative was quoted having said the following:

The Board of SCi notes the recent speculation about an equity issue and confirms that it is considering a placing and open offer in the near future. This fund raising will be to raise the working capital the Company indicated it required at the time of its interim results on 29 February.

While no specific company was mentioned in the press release, it was recently reported that NBC Universal already has its sights set on acquiring the UK-based game developer. Current shares for SCi have amounted to a staggering Â£50 million, although there have also been speculations that Time Warner will also increase its own shares in the running some time soon.

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SCi Entertainment confirms open business offer to be implemented soon

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