arcticstoat writes to tell us that Square Enix has been revealed as the potential buyer to Eidos, developer of the Tomb Raider franchise. Eidos had been shedding workers and studios in an attempt for financial stability. This comes alongside news that Midway Games is filing for Chapter 11 bankruptcy in order to stave off creditors while they sort out what's left of their resources. World of Goo publisher Brighter Minds Media also filed for bankruptcy last month. Free Radical, a UK studio recently put in a similar position was snapped up by Crytek, and we discussed news of Sega's financial turmoil as well. It seems that claims from late last year suggesting the games industry may be "recession proof" are quickly being proven wrong, though Kotaku suggests that most of the blame falls on the developers.

Anonymous Pirate writes "Operators of The Pirate Bay stand trial on Monday in Stockholm. The four defendants from the popular file-sharing web site are charged with being accessories to breaking copyright law and may face fines or up to two years in prison if found guilty. The four defendants have run the site since 2004 after it was started in 2003 by the Swedish anti-copyright organization Piratbyrån. The Swedish public service television announced that they are going to send a live audio stream from the trial. It will be broadcast without editing or translation."

Roland Piquepaille writes "In recent months, the concept of 'cloud computing' was all the buzz. European researchers think about another name, the World Wide Grid, which could run on top of the Internet. In an article to appear soon, ICT Results will report about the g-Eclipse project. As the scientists said, 'the g-Eclipse project aims to build an integrated workbench framework to access the power of existing Grid infrastructures. The framework will be built on top of the reliable eco-system of the Eclipse community to enable a sustainable development.' The project started in July 2006 and was successfully completed in June 2008 for a total cost of €2.5 million, including a EU contribution of €1.96 million."