to be a "leaner and fitter company", as well as "studio-led". They moved "certain functions" from the United Kingdom to Quebec, Canada, partially due to economic advantages offered by Montreal's government. On 4 September 2007, the board of SCi Entertainment stated that the company has been approached with a view to making an offer, which has been subject to speculation. On 10 January 2008, SCi announced take over and/or merger talks had been halted. As a result, the share price dropped by over 50%. Shareholders called for the resignation of key personnel, including chief executive officer (CEO) Jane Cavanagh, over this issue as well as delays to key titles. On 18 January 2008, Jane Cavanagh, Bill Ennis and Rob Murphy left the company. During SCi 2008 financial report, losses were at , which newly appointed CEO Phil Rogers, a former Electronic Arts executive, stated were due to the reconstructing plans. On 19 September 2008, SCi/Eidos opened a Shanghai-based studio, Eidos Shanghai, consisting of a small team to build up relations in Asia. In 2008, SCi/Eidos set up an entity, which later became Square Enix London Studios headed by Lee Singleton in their Wimbledon headquarters. In December 2008, SCi rebranded as Eidos plc. Eidos Hungary (formerly Mithis Entertainment), a developer acquired by the company developing the Battlestations series and Rockpool Games were closed in 2009, among other cuts. SCi acquisition by Square Enix (2009–2022) In February 2009, Square Enix reached an agreement to purchase SCi Entertainment renamed Eidos plc for , pending shareholder approval, with an initial aim of fully buying Eidos Interactive on 6 May 2009. The offer was backed by majority stakeholder Warner Bros. The date was brought forward, and Square Enix officially took over Eidos on 22 April 2009. Square Enix initially stated that it would let Eidos remain structured as it was at the time of its takeover. In July 2009, it announced that it would merge Eidos with its own pre-existing European subsidiary, Square Enix Limited (itself established in December 1998). The merger would create a new entity, tentatively titled Square Enix Europe. The merger was completed on 9 November 2009 with the Square Enix Europe name being permanently retained as the resulting company name. The company continued to managed its own Western Studios and Eidos Montreal retained its name. With the 2013 restructuring of Square Enix, it was hit by layoffs and Rogers became CEO