Posted Oct 11, 2007 at 05:22AM by Charles D. Listed in: News Tags: Ubisoft, Time Warner, Jane Cavanagh, SCi Entertainment
Ó

Ubisoft drops out of the bidding race for Lara Croft's hand - Image 1It looks like Lara Croft won't be getting a new daddy any time soon. Contrary to prior reports that Ubisoft will be vying for SCi Entertainment, the company who owns the rights to one of the video gaming world's most popular female characters, it was announced by a spokesman that "Ubisoft has no intention of making an offer for SCI-Eidos."

Although Ubisoft won't be bidding for any shares to SCi Entertainment, SCi has been considering a number of potential buyers whose identities they were not willing to reveal just yet.

It looks like anybody who's interested in owning the hand of the fair Miss Croft won't find it cheap either. Analysts have reported that SCi management, led by Chief Executive Jane Cavanagh, will not accept anything less than 500 pence (around US$ 10) a share and could lead to something as high as GBP 300 million (US$ 600 million).

The three biggest bidders previously reported were Time Warner, Ubisoft, and an unnamed Chinese company. Ubisoft, however, explained that SCi's valutation did not fit with Ubisoft's "profitability criteria." In other words, the game for SCi's bid was just a little to rich for its blood.

Ubisoft's spokesman explained it further saying "we are looking at other opportunities for external and internal growth which can create more potential value for shareholders."


[Via Reuters UK] Permalink  |   Email this  |   Linking Blogs   |   Digg It!

Bookmark / Find this article on:


3 Comments


Sort by:
   by platon - 2007-10-11
 » it's not like ubisoft can't create new IPs, LOL

They create a bunch of new ones every year, so instead of paying 600 000 000$US to have an idea, they'll just think about an idea, wow, they just saved 600M$ LOL.

That's how they made assassin's creed, with a bit of thinking instead of buying.

ps: I prefer paying a story telling guy (a guy with a LOT of imagination) PLUS a guy that can write a realy good story 500k$ each for the project instead of buying an old IP!

   by Advertising -
   by chucky3456 - 2007-10-11
 » Wow

Wow how insensitive QJ. How can you say Lara will have a new daddy? He got capped, remember? You probably made Lara cry :(

   by Charles D. (QJ. NET Staff) - 2007-10-11
 » Lara's new daddy

Awww, I didn't mean it that way. Besides, I think Lara would appreciate having a rich new daddy to fund all of her expensive tomb raiding trips, don't you think? :D



Add QJ.NET
Add to My Yahoo!
Google Reader Subscribe with Bloglines
Add  to your Kinja digest Subscribe in NewsGator Online
Subscribe with Pluck RSS reader Add 'www.qj.net' to Newsburst from CNET News.com
Subscribe with SearchFox RSS del.icio.us www.qj.net
Add to Technorati Favorite! Add to My AOL
furl! it Stumble for Treehugger!

 Username: 
 Password:
Forgot password
New user registration



Categories
Emulators
Titles
Archives