Eidos said its board decided its shareholders’ interests ‘would b...
Eidos said its board decided its shareholders’ interests “would be best served by exploring the sale of the company.” The U.K. publisher had announced earlier this year that it was weighing all of its options as part of a…
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strategic review. The company said it had “prepared a short list of the most likely potential partners” and “then held preliminary discussions on a confidential basis with short listed candidates as well as with certain other interested parties who approached us directly.” After the initial review, it said, “more detailed discussions were progressed with a smaller number of potential acquirers and due diligence is now continuing with certain of these parties.” Eidos said it was the company’s “intention to bring this process to a satisfactory conclusion as soon as possible” but “there can be no assurance that an offer for the company will be forthcoming.” Names of interested companies weren’t provided.