Embracer Group AB launched on Monday it has entered into an settlement to buy sport enchancment studios Crystal Dynamics, Eidos-Montréal, and Square Enix Montréal from Square Enix Holdings Co., Ltd. The three studios have a blended full of spherical 1,100 employees. The settlement moreover consists of shopping for a catalog of IPs comparable to Tomb Raider, Deus Ex, Thief, Legacy of Kain, and higher than 50 totally different once more catalog video video games. The transaction is worth US$300 million.
Square Enix acknowledged its divestment inside the companies will arrange “a more efficient allocation of resources,” and might permit the launch of “new businesses by moving forward with investments in fields including blockchain, AI, and the cloud.” Square Enix added the sale will “better align [its] overseas publishing function with [its] organization in Tokyo.”
Square Enix mentioned its overseas studios will nonetheless publish franchises comparable to Just Cause, Outriders, and Life is Strange.
Embracer Group AB depends in Sweden and was beforehand usually known as THQ Nordic AB. The agency is a guardian agency of 119 enchancment studios dealing in console, mobile, PC, and board video video games.