SCi invites Warner Bros to buy more stock
SCi is getting used to being on a dinner plate, so much so that the financially despondent publisher has invited Warner Bros. to the table for seconds. In the wake of the home entertainment giant's £60 million investment earlier this year, the Eidos parent put a freeze on Warner Bros' ability to purchase any more of SCi's precious stock until January 25, 2009, a hold that Gamasutra reports will be lifted a bit sooner than expected.
According to the report, the pair will be able to resume their financial tango on December 1, 2008, with the caveat that Warner Bros. will not be allowed to own more than 30 percent of SCi's total worth. Warner's investment in SCi currently stands at 16.13 percent, giving the media company ample opportunity to gift wrap just what every struggling company would want to find under its tree this Christmas -- freedom from financial ruin.
According to the report, the pair will be able to resume their financial tango on December 1, 2008, with the caveat that Warner Bros. will not be allowed to own more than 30 percent of SCi's total worth. Warner's investment in SCi currently stands at 16.13 percent, giving the media company ample opportunity to gift wrap just what every struggling company would want to find under its tree this Christmas -- freedom from financial ruin.






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Reader Comments (Page 1 of 1)
dark_inchworm @ Oct 28th 2008 4:18AM
Oh, Jason... I see you're up pretty late too... and nothing says "late night fun" like Waffle House. Wanna go?
Foetoid @ Oct 28th 2008 4:47AM
What i don't understand is, with the billions of dollars Nintendo must be making, why don't we ever hear about them buying up developers.
Orionsaint @ Oct 28th 2008 8:32AM
This is off topic, just telling everyone that a Tomb Raider Underworld demo just appeared on XBL.
JoeTheBlow @ Oct 28th 2008 5:40AM
I wouldn't touch that festering bloated piece of corporate shit with a 20-foot pole.
TheShizy @ Oct 28th 2008 7:41AM
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Foetoid @ Oct 28th 2008 8:16AM
Shippuuden FTW
Jakka @ Oct 28th 2008 8:36AM
Bleach ftw!
Let's flame!
Slaziman @ Oct 28th 2008 9:26AM
Shippuuden is shit, but why are we even talking about it?
Bones3D @ Oct 28th 2008 8:55AM
Hey, as long as we get a next-gen version of Carmageddon in all it's gory glory, I don't care who owns them...