NEWS - Monday, August 9, 2004


Ubisoft To Buyout Eidos

Ubisoft is apparently close to sealing a £215 million deal that will see it take over British publisher Eidos. Senior Ubisoft executives are believed to have spent the last week at Eidos' offices in London thrashing out the final stages of the bid, which has now been in the works for over two years. Eidos shares rose 7 per cent at the news on Monday morning, although an afternoon price of £1.16 remains a far cry from the £1.84 value in May this year. Analysts are basing the company's £215 million value at a price of £1.50 per share. Ubisoft has long been in negotiations with Eidos. The president of the French publisher, Yves Guillemot, admitted as long ago as E3 in 2002 that talks were underway with the Tomb Raider parent. Mike McGarvey, Eidos CEO, is now believed to be attracting investment for a MBO in a last ditch effort to fight off the French, although investors remain stunned by three profit warnings in 2004 alone. Eidos' fortunes have been less than stellar of late, following a catastrophic next generation showing for Lara in Angel of Darkness - a game so poorly received and so lately delivered that Core Design was stripped of development rights - and a baleful set of sales figures for Hitman 2, despite the success of the first game. A successful completion of the move by Ubisoft will see the last British independent games publisher swallowed up. Eidos has struggled to compete with larger brethren for many years, and took a heavy knock from the critical panning of Angel of Darkness.
Source: http://www.gamesindustry.biz

Site Statistics

Registered Members: 80,975
Forum Posts: 725,969
Xbox One Titles: 6,506
Xbox 360 Titles: 1,086
Xbox 360 Kinect Titles: 95
Xbox 360 Arcade Titles: 586
Original Xbox Titles: 987
Staff Reviews: 2,603
Member Reviews: 10,339
News Articles: 16,557
Screenshots: 39,504
Xbox 360 Achievements: 45,112
Xbox 360 Faceplates: 2,016
Cheat Codes: 1,706

Latest News

Bulwark: Evolution Out Now on Consoles

Bulwark: Evolution Out Now on ConsolesThis major free update, which has already been successfully launched on Steam, brings a new layer of depth, strategy, and innovative gameplay mechanics to the immersive world of Bulwark: Falconeer Chronicles.


Thrustmaster Unveils T.Flight Hotas One

Thrustmaster Unveils T.Flight Hotas OneThrustmaster’s best-seller is back with a new look featuring the official license of Microsoft Flight Simulator. This complete, precise and easy-to-use hands- on throttle and stick (HOTAS) is the ideal companion for Microsoft Flight Sim 2024







See News Archives

Community Forum Activity

KeyWe Giveaway!
Post by Variation-XBA
0 Replies, 26373 Views

2021: XBA is still here
Post by shrew king
40 Replies, 250407 Views

Watch Dogs: Legion
Post by Nato King
0 Replies, 125181 Views

Xbox Series X or S
Post by Nato King
5 Replies, 142890 Views

Spellbreak Grand Magus Pack (3) and Starter Pack (7) Giveaway!
Post by Variation-XBA
0 Replies, 131448 Views

I pay $ 1000! I search the Element 54 Canadian launch Team signaturen Faceplate
Post by Smill
0 Replies, 154131 Views

Xbox one no signal
Post by debrartin
0 Replies, 143616 Views

do you remember?
Post by SnoochyBoochy
3 Replies, 213762 Views

i haz xbox
Post by SnoochyBoochy
0 Replies, 167483 Views

Claiming the first thread of 2020
Post by Kraft
7 Replies, 263790 Views

Important! I pay $ 1000! I search the Sweden launch and the Element 54 Faceplate
Post by Smill
3 Replies, 149400 Views

Squad Up
Post by samslophead
0 Replies, 254124 Views

TERA Skinned Xbox One X Giveaway!
Post by Variation-XBA
0 Replies, 179145 Views

Starfield Release expectations?
Post by DJ tx
4 Replies, 309731 Views

Issue with Xbox live on Xbox home
Post by rcmpayne
0 Replies, 167454 Views

© 2000-2024 XboxAddict.com - All rights reserved. All trademarks are properties of their respective owners.
Xbox is a registered trademark of Microsoft. XboxAddict.com is not affiliated with Microsoft.

Made in Canada
Site Design by Cameron Graphics