Though Square Enix has yet to officially announce such plans, the report states that a tentative agreement has been made between the Japanese company (which acquired Eidos in 2009) and financier Investissement Québec. The deal, when solidified, will grant tax credits and a $2 million subsidy to Square.
Earlier reports suggested that Square would establish a new studio once talks with several Canadian provincial governments had concluded. According to La Presse, it has opted to boost its existing Eidos location from 330 to 680 employees over the next four years. Square will reportedly increase staff count by 100 toward the end of 2012.
This news bodes well for Eidos Montréal's two current projects, particularly for Th14f. One of those 680 employees should be able to come up with a proper logo.