after splitting with previous developer Sports Interactive. In March 2004, Eidos acquired Danish developer IO Interactive. In March 2005, Eidos admitted that cash reserves had dwindled to during the second half of 2004, and pre-tax losses had grown to . On 21 March 2005, Eidos received a takeover bid from Elevation Partners, the private equity firm owned by former Electronic Arts president John Riccitiello and with a number of notable partners, including U2's lead singer Bono. This takeover valued the company at , and would inject in order to keep the company from bankruptcy in the short term. Elevation stated it plans to take Eidos private for some years to focus on game creation and release schedules and its offer was initially recommended by Eidos's board. Eidos acquisition by SCi (2005–2009) The following day, 22 March, Eidos received a second takeover bid from the British video game publisher SCi. The company offered , and tabled a restructuring plan to cut from annual costs. To fund this takeover, SCi proposed to sell worth of stock. Eventually, in late April, Elevation Partners formally withdrew its offer, leaving the way clear for SCi. The Eidos plc takeover was finalized on 16 May 2005, with SCi merging itself into Eidos Interactive's parent, renaming it SCi Entertainment Group Limited. After the SCi purchase, former Eidos management board quit. SCi left its Battersea Office and moved into the old Eidos Interactive office on the second floor of Wimbledon Bridge House, 1 Hartfield Road, Wimbledon. Ars Technica interviewed former Core Design Studio Manager Gavin Rummery in 2015, who said the studio pitched a Tomb Raider remake for the game's 10th anniversary to SCi in 2005. Rummery stated that SCi loved the project, but Crystal Dynamics had their own demo, which then convinced SCi to cancel Core's project. In May 2006, Rebellion Developments acquired Core Designs' assets and staff, while the Core brand and intellectual property, including Tomb Raider, remained in SCi's possession. In December 2006, Warner Bros. licensed classic properties to SCi, while investing for 10.3% of SCi shares. In February 2007, SCi/Eidos announced a new studio in Montreal, Quebec, which was later named Eidos-Montréal and developed a new game in the Deus Ex franchise. In February 2007, it acquired Rockpool Games, along with its two sister companies Ironstone Partners and SoGoPlay. In April 2007, SCi/Eidos acquired Bluefish Media and Morphene. In 2008, Rogers stated they want