SCi Clears Warner to Buy More Stock
Could the folks at Warner Bros. soon have Lara Croft as their exclusive spokesperson?
Last week, rumors started to circulate that Warner Bros. was looking to acquire a controlling interest in SCi Entertainment, which owns Tomb Raider publisher Eidos. The rumors began when Warner, who already had a minority stake in SCi, bulked up on its SCi stock, increasing its ownership in the company to about 16 percent.
Now comes word that SCi is greasing the wheels for a Warner Bros. deal by making adjustments to an original agreement, signed back in April, which limited the total amount of stock that Warner could own until January 29th of next year. Today, SCi announced the “standstill” agreement had been amended to allow Warner to buy more stock immediately, so long as Warner’s total stake in SCi stays below 30 percent.
It’ll be interesting to see if Warner takes advantage of the newly available stock agreement. If it does, then the company will be in a prime position to fully acquire SCi, adding the Tomb Raider, Hitman, and Thief franchises to its growing video game library.
