People say Jane Cavanagh, the founder of the SCi Entertainment Group, has just released the company's 2007 annual report where they revealed that sequels to the Tomb Raider, Hitman, and some of their other IPs are in development. There's an uneasy air surrounding its emergence, however, since SCi's own investors called for the ousting of Cavanagh a few months ago. To find out more, head on over to the full article.

SCi Entertainment, the company that owns the Tomb Raider franchise, is currently experiencing an upheaval. Owing to falling shares and the lack of offers to purchase the company, shareholders are now demanding for the resignation of Jane Cavanagh, founder and chief executive of the company. Details in the full article.

It looks like Lara Croft won't be getting a new daddy any time soon. Contrary to prior reports that Ubisoft will be vying for SCi Entertainment, the company who owns the rights to one of the video gaming world's most popular female characters, it was announced by a spokesman that "Ubisoft has no intention of making an offer for SCI-Eidos."

Although Ubisoft won't be bidding for any shares to SCi Entertainment, SCi has been considering a number of potential buyers whose identities they were not willing to reveal just yet.

It looks like anybody who's interested in owning the hand of the fair Miss Croft won't find it cheap either. Analysts have reported that SCi management, led by Chief Executive Jane Cavanagh, will not accept anything less than 500 pence (around US$ 10) a share and could lead to something as high as GBP 300 million (US$ 600 million).

The three biggest bidders previously reported were Time Warner, Ubisoft, and an unnamed Chinese company. Ubisoft, however, explained that SCi's valutation did not fit with Ubisoft's "profitability criteria." In other words, the game for SCi's bid was just a little to rich for its blood.

Ubisoft's spokesman explained it further saying "we are looking at other opportunities for external and internal growth which can create more potential value for shareholders."

If you're infatuated with Tomb Raider heroine Lara Croft and you want her to be yours alone, you'd better be ready to shell out the big bucks because she doesn't come cheap. About GBP £ 300 (US$ 600 million) should do the trick, though.

Publisher SCi recently announced that it is open to being taken over by third parties, and by extension all its intellectual property including the popular Tomb Raider franchise which has thrilled gamers across three gaming generations.

Share prices of SCi jumped from 37.5p to 375.5p immediately after word hit the streets on the company's willingness to sell out. The most eligible suitors at this point are industry heavyweights Warner Bros., Electronic Arts, and Ubisoft.

Preliminary talks are now being held with interested parties but no details have leaked from the negotiations. What's certain, though, is that CEO Jane Cavanagh and property mogul Robert Tchenguiz will cash in on a very sweet deal.

The Tomb Raider franchise celebrated its 10th anniversary this year with the release of Tomb Raider: Anniversary, which is a remake of the PSX original on the Microsoft Xbox 360, PC, and Sony PlayStation Portable.