SCi Entertainment is a more likely play for private equity than a trade player, said a source familiar with the company. The UK-listed computer-games developer on Tuesday announced an approach from an undisclosed bidder.
A Ubisoft source said: "We are not in discussion with SCi Entertainment any more than we are with any other company in the industry." The source familiar with SCi also noted that Ubisoft was unlikely to bid for SCi as, during its long pursuit of Eidos, it offered approximately one-sixth of what SCi is now currently worth. However, an industry source had heard that Socgen was mandated to provide Ubisoft with the debt for an SCi deal.