Square Enix to buy out Eidos in May

Eidos and Square Enix have agreed upon terms for the proposed buyout of Eidos's share capital by the Japanese publisher. Eidos shareholders are "expected to approve the deal" later this month, according to MCV, which suggests that a growing number have seen the light (where "the light" means "Square Enix's books").

Bad news for those of you planning to buy Eidos stock for a friend as a birthday present next month: Eidos will suspend trading of its shares on April 21, with its listings to be taken down the next day, in anticipation of this deal. The companies are planning to have a settlement in place by May 6, at which point we assume Eidos staff will use the sudden windfall to upgrade their weapons and armor.