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General

EIDOS ACQUIRES THREE COMPANIES, UNVEILS PLACING

Monday 25 September 1995 | 00:00 CET | News
Simis, Domark and The Big Red Software Company, all computer games developers, have been acquired by Eidos, USM-quoted software concern, for GBP12.9 mil in total, creating an enlarged group worth GBP29.1 mil. Eidos is acquiring Domark in a share-for-share agreement valuing the latter at around GBP10.8 mil. Simis is being acquired in a share agreement valuing the company at GBP1.8 mil, and Big Red is being acquired for GBP350k. Eidos is also issuing 1.68 mil shares at GBP3.75/share to generate GBP5.5 mil net. Eidos has also unveiled a GBP267,533 pre-tax loss in the six months to 30 June 1995,

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Categories: General
Countries: United Kingdom
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