Embracer Group has been acquiring a lot of studios as of late, but today it had a rather groundbreaking acquisition to announce in the form of Square Enix’s main western developers.
The deal involves the acquisition of Crystal Dynamics, Eidos-Montréal, Square Enix Montréal, and their IP from Square Enix.
Said IP include classics like Tomb Raider, Deus Ex, Thief, Legacy of Kain, and many, many more. The deal will also bring over 50 back-catalog games under Embracer control.
The price of the whole operation is certainly apparently rather inexpensive, especially compared to recent acquisitions, $300 million.
The press release included a comment from Embracer Group CEO Lars Wingefors:
We also hear from Phil Rogers, Square Enix America and Europe CEO:
Square Enix also explained its rationale for the sale in its own press release, also mentioning that the company retains control of some overseas studios working on franchises like Just Cause, Outriders, and Life is Strange.
