Embracer Group To Acquire Crystal Dynamics Square Enix Montr Al Eidos Montr Al Plus Ip For 300 Million

Embracer Group, the Swedish video game portfolio company and parent company of Gearbox, Saber Interactive and THQ Nordic (among many others), has entered into an agreement to acquire several studios and an IP selection from Square Enix. The deal includes three studios – Crystal Dynamics, Square Enix Montréal and Eidos-Montréal – plus an IP and gaming directory, including Tomb Raider, Deus Ex, Thief, Legacy of Kain and over 50 back-catalog titles. The acquisition will involve more than 1,100 employees in the three studios, with a total purchase price of $ 300 million. The news was made known by a press release from both companies. Embracer expects the deal “to close in the second quarter of Embracer 22/23 (July-September 2022)”. Square Enix states in its press release that “the transaction allows the start-up of new businesses by investing in areas such as blockchain, artificial intelligence and the cloud.” The Japanese company also says that “it will continue to publish franchises such as Just Cause, Outriders and Life is Strange”. SQUARE ENIX HOLDINGS CO., LTD. enters into an agreement with Embracer Group for the acquisition of Crystal Dynamics, Eidos-Montréal, Square Enix Montréal and IP. Press Release: pic.twitter.com/2PmQE967gk – Square Enix (@SquareEnix) May 2, 2022 Following the close of this transaction, the US will be Embracer’s # 1 country in terms of number of game developers and Canada will be # 2. In total, after the closure, Embracer will have more than 14,000 employees, 10,000 dedicated game developers and 124 in-house studios. Embracer’s upcoming content line includes more than 230 games with more than 30 AAA games. This acquisition will bring an additional scale to Embracer’s current AAA division, and Embracer will have one of the largest PC / Console game content pipelines in the industry, in all genres. This is the latest in a series of high-profile acquisitions in the video game industry, with Microsoft in the process of acquiring Activision Blizzard for $ 68.7 billion, following the recovery of Bethesda and its IP in 2020.