View Full Version : Warner Bros continues to sniff round SCi

tlr online
07-11-06, 14:33
Now that the EU has, for the time being at least, put the skids under any more big mergers in the European music industry, the word in the market is that Warner Music is on the lookout for other publishers. And traders believe that it could be on the verge of making a 625p-per-share bid for SCi Entertainment, the computer game design group behind the highly successful "Tomb Raider" series.

Although the company went through a rough patch last year, September's trading statement was upbeat. The group is planning to release 19 new titles next year and has moved back into a period of strong growth and good profits. Warner Music, which demerged from its parent, Time Warner, last year, is known to be looking for acquisitions, and traders said non-music publishing makes more sense due to lower impact from digital downloading in comparison to the music industry. Shares in SCi closed 12p better at 516p.