Embracer Group AB launched on Monday it has entered into an settlement to buy sport development studios Crystal Dynamics, Eidos-Montréal, and Square Enix Montréal from Square Enix Holdings Co., Ltd. The three studios have a blended complete of spherical 1,100 staff. The settlement moreover accommodates shopping for a catalog of IPs comparable to Tomb Raider, Deus Ex, Thief, Legacy of Kain, and better than 50 completely different once more catalog video video games. The transaction is worth US$300 million.

Square Enix acknowledged its divestment throughout 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 acknowledged its overseas studios will nonetheless publish franchises comparable to Just Cause, Outriders, and Life is Strange.

Embracer Group AB relies in Sweden and was beforehand referred to as THQ Nordic AB. The agency is a mum or dad agency of 119 development studios dealing in console, mobile, PC, and board video video games.

Update: Fixed typo in headline. Thanks, Emerje.

Sources: Embracer Group, Square Enix by @Wario64