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Bono's Elevation Partners Withdraw Eidos Offer

by Rainier on April 22, 2005 @ 8:15 a.m. PDT

Paving the way for SCi's takeover, Gamindustry.biz is reporting that Elevation Partners has withdrawn from the bidding race to take over ailing developer/publisher Eidos. Former EA president John Riccitiello made a statement this morning that they would no longer be pursuing avenues to invest, clearing the path for shareholders to accept SCi's offer instead. Once ratified, SCi already promised it would restructure Eidos from the top down, and transforms the studio according to its own model, as it has done with Oivotal, known for its Conflict franchise.
Paving the way for SCi's takeover, Gamindustry.biz is reporting that Elevation Partners has withdrawn from the bidding race to take over ailing developer/publisher Eidos. Former EA president John Riccitiello made a statement this morning that they would no longer be pursuing avenues to invest, clearing the path for shareholders to accept SCi's offer instead. Once ratified, SCi already promised it would restructure Eidos from the top down, and transforms the studio according to its own model, as it has done with Oivotal, known for its Conflict franchise.
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