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Last Updated: Wednesday, 5 September 2007, 09:18 GMT 10:18 UK
Lara Croft firm admits sale talks
Artwork of Lara Croft
SCI was hit by the delay to Sony's latest games console
Struggling UK computer games publisher SCI Entertainment is in talks over a possible sale of the business.

The maker of such games as Lara Croft Tomb Raider said it had entered into "extremely preliminary" discussions with an unnamed suitor.

SCI's admission comes two months after it issued a profit warning, saying it had been hit by delays to the release of the Sony PlayStation 3 console.

Possible buyers are said to be rival Electronic Arts and Warner Brothers.

Entertainment group Warner already owns a 10% stake in SCI.

SCI added that there was no certainty that a formal bid will result from the talks, and that "no proposal has been received at this time".

The firm's largest shareholder is entrepreneur Robert Tchenguiz, who had a holding of 15.5% as of August 1.

SCI is currently valued at about 300m.


SEE ALSO
Competition hits Lara Croft firm
24 Jul 07 |  Business
Back to the future for Lara Croft
10 May 07 |  Technology
Lara Croft firm swaps bid support
07 Apr 05 |  Business
EA profits slide as gamers wait
04 May 05 |  Business
Bidding war for Lara Croft firm
22 Mar 05 |  Business
Eidos shares shrug off bid hopes
10 Mar 05 |  Business

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