Following a precipitous drop
in stock price in January, resulting in the resignations of key management
, Eidos parent company SCi reportedly plans to radically restructure its business
, with 14 (!) product cancellations as well as a 25% workforce reduction (read: firings).
Now, Guardian blogger Nick Fletcher reports the company's "shares are up again on renewed takeover speculation." He says, "Talk is of an 80p a share offer" – a 32% premium over their closing price of 60.50p today – and that potential bidders include Time Warner (who already own 10% of the publisher
), Infogrames (who already have a problem child to deal with
), and Ubisoft (who has said it has no intention
of making an offer). Let the speculation commence!