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Tomb Raider: Underworld »
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SCi Prevents Early Warner Bros Buy Out News

SCi Prevents Early Warner Bros Buy Out News

'Stand still' agreement stops Warner Bros from increasing its ownership of SCi before January...

By Jon Wilcox
Posted: 27/10/2008

A deal has been agreed between SCi Entertainment and Warner Brothers, which will stop the US media conglomerate from controlling more than a 30% stake in SCi before January 2009. The move seems to suggest that the Britsoft outfit is relying on the Tomb Raider effect this Christmas in a bid to increase the value of its share price.

Warner Bros upped its stake in SCi earlier this month, taking it to 16%, leading to increased speculation that the company was looking to fully acquire SCi. The beleaguered UK publisher, which has already experienced a massive corporate overhaul in 2008, has seen its 52-week share price on the London Stock Exchange fall from a high of 370p to just 18p.

There seems to be one prime reason for the restrictive deal – the anticipated return of Lady Lara Croft in Tomb Raider: Underworld, due to launch on a number of platforms towards the end of November. A successful performance at retail would no doubt push the share value of SCi up a little, rewarding SCi shareholders with extra pocket money come the New Year.

In a statement, SCi Entertainment confirmed that the deal, ‘restricts the ability of Warner Bros and its affiliates to acquire additional shares in the Company until January 25th 2009. These arrangements are described on page 134 of the Company's prospectus dated April 25th 2008...The Company announces that it has consented to Warner Bros and its affiliates acquiring more shares in the Company prior to December 1st 2008, should they wish to do so, provided that their aggregate holding is not increased to 30 per cent or more of all ordinary shares in issue.’

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	By: Anonymous Added:Sat 24th Jan 2009 18:29, Post No: 39 mnjnjmjnj
	By: SegaBoy Added:Mon 12th Jan 2009 10:19, Post No: 38 Hopefully, now they've put that particular storyline to bed, Crystal Dynamics can concentrate on evolving the franchise again.
	By: Anonymous Added:Sat 10th Jan 2009 16:43, Post No: 37 yeah, its the difficult economy thats to blame, not the god awful game play, rubbish plot and repetition of a franchise. The words horse, dead and flogging, spring to mind.
	By: Anonymous Added:Mon 08th Dec 2008 19:42, Post No: 36 i havent got it yet but i do hope that she dose find her mum not dead and i can not belive that zip has gon against her
	By: SegaBoy Added:Tue 02nd Dec 2008 11:16, Post No: 35 Piracy is not permitted on the TVG boards - please refrain.
	By: Anonymous Added:Tue 02nd Dec 2008 04:35, Post No: 34 can any one please tell me were i can get this game for a ps2. got one lined up on the net but not sure if it will work it from america a format 2 243771 help please will it work
	By: Anonymous Added:Sun 23rd Nov 2008 23:29, Post No: 33 Odd review. Anyway I've been playing Underworld for the entire weekend and it's definitely worth your money. I bought this, Left 4 Dead and Dead Space this Friday but have only played the latter 2 for about an hour combined. All my time is being spent with the lovely Lara Croft. It's how exploration really should feel.
	By: SegaBoy Added:Thu 11th Sep 2008 11:46, Post No: 32 $th August Anon - Core are no more. After the Angel of Darkness fiasco they released one forgetable game as a new studio for Capcom that sunk without a trace. They ten got into DVD games, but that didn't last long. The only thing left of them was acquired by fellow UK studio Rebellion quite a long time ago. Toby Gard is the only link between old Lara and new Lara.
	By: Anonymous Added:Tue 19th Aug 2008 14:35, Post No: 31 KURTIS:D! KURTIS LISTEN TO US! why crystal dynamic dont read forums? like this!
	By: Anonymous Added:Mon 04th Aug 2008 09:49, Post No: 30 Why can't Tomb Raider have both Core and Crystal Dynamics making games? I mean Ratchet and Clank have got 2 different developers making games: Insomniac Games(PS2 and PS3) and High Impact Games(PSP)! CORE could continue the AoD Triology and Crystal Dynamics doing Legend Triology! Doesn't anyone else agree with me? PLEASE REPLY!