Timeline outlined for expected takeover of Britsoft publisher, with completion set for May

Eidos has reached an agreement with Square Enix which will result in the Britsoft firm's complete share capital being purchased by the Japanese company in early May.

Shareholders are expected to approve the deal at the Eidos EGM later this month.

Following this, trading of Eidos shares will be suspended on April 21st and the cancelling of its share listings is due to occur the following day.

A settlement is hoped to be in place by May 6th.

http://www.mcvuk.com/news/33436/Square-Enix-and-Eidos-agree-buyout-terms

I think it's a bad idea, what do you guys think.

what does square want? Tomb Raider? Legacy of Kain?

most likely tomb raider and hitman,but the whole point is just to have a western expansion.

And we have another game giant!

Square was a giant even before they merged with Enix. Now, they're just even bigger.

Yep, they're after distribution channels and maybe Western development studios. Any IPs they get with the deal are just gravy. Eidos' intellectual property isn't especially valuable.

I'd not mind seeing another Legacy of Kane... perhaps a renewal of the game from the first one without all the BS involved and no Raziel(sp?). I think it's a good thing... SquarEnix can breath some new life and ideas into Eidos and vise-verse.