SHAREWATCH: SCi stock dips 17%

MCV Staff 25th April 2008 Business News

Shares in SCi have

dropped by 17 per cent this morning

, after the Eidos parent announced it

had raised 60m and sold more stock to Warner Bros

– effectively ending any chance of a takeover.

The firm also announced that it has agreed a new distribution agreement with Warner in North America and Mexico.

SCi’s share price has fallen from over 500p-per-share last summer to just 46.5p-per-share this morning, following much in the way of takeover speculation, management restructuring and a full-scale corporate overhaul.

Tags

About MCV Staff

Check Also

ent [Industry news] Entity raises €5 million in seed funding to bring console-quality games to the ‘New Web’

[Industry news] Entity raises €5 million in seed funding to bring console-quality games to the ‘New Web’

Entity, a new Irish gaming distribution startup, today announced it has completed a €5 million seed round for its next-generation gaming platform which is set to launch in early 2027. Entity has embraced the latest breakthrough web technology to create the home of console-quality games for the “new web” era.  Entity is effectively replacing the need for a dedicated gaming device such as the console or PC for most games: Bringing, for the first time, instant and social game play experiences to the largest global game playing audience without the friction of downloads or installs. Entity delivers a true click and play experience for games players, anytime, anywhere and on any modern browser

© Copyright 2026, MCV. BizMedia