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.

Wondering just who the unlucky suitor was that got shot down by SCi Entertainment? Then wonder no more, as it seems the jilted lover pretty much came up and admitted to it. Who is it, you ask? Infogrames, the guys who brought us the Alone in the Dark series. Check out just what could have gone wrong in this deal at the full article, and why Infogrames thinks they could've been perfect for one another.

The gaming world was recently greeted by the news of Eidos signing a beneficial deal with Time Warner, but it looks like there were some dire consequences: according to some insider sources, Eidos has laid off its PR, marketing and sales departments in what seems to be in exchange to Time Warner's financial assistance. Read more about it in the full article.

Yesterday we reported that Eidos Interactive's parent company, SCi Entertainment, confirmed that it was open for business. Today, we got an update on this matter. Apparently, the company just rejected an offer from a mystery suitor. Read more on this in the full article.

It seems like SCi Entertainment is finally getting into the role of the reluctant "father", ready to give away his daughter (i.e. Lara Croft) at the altar. It was confirmed recently that SCi will be entertaining the possibility of opening a major business investment in the near future to help get the company back on track. You can read a statement released by the company explaining this move in our full article.

Keeping up with the SCi Entertainment takeover bid? Well, if you put money on Time Warner, then this update might make you re-think your wager: it seems that NBC is putting forward big money to be the king of the hill, in terms of being considered as the top buyer. Just how big, you ask? Try a hundred million greenbacks. Enough money to choke a mammal of colossal proportions. Check out the details in the full article.

It would seem that SCi is going through some rough times. First, a management upheaval recently rocked the company, and now it looks like SCi is going to cut 25% of its jobs as part of a radical restructuring plan. More corporate news follows after the jump.

It's a whole new adventure for Lara Croft in Tomb Raider: Underworld. Although the game's release date was moved back to late this year, this new batch of screenshots are looking so gorgeous we're willing to sit and wait so the guys at SCi can make sure the game's perfect. Check out the screenshots in 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."