SCI Confirms Preliminary Buy Out Talks

SCi has issued a statement to the London Stock Exchange confirming it has been approached to discuss a buy out of the company.

The statement reads:

"Following the recent speculation in the press, the Board of SCi Entertainment Group plc confirms that it has received an approach and as a result has entered into extremely preliminary discussions regarding a possible offer for the Company. No proposal has been received at this time, however, and there can be no certainty that any offer for the Company will be made or as to the terms of any such offer were one to be made."

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Vojkan4115d ago

So what this means? What is "SCI"? And who is going to buy them?