The acquisition will include Crystal Dynamics, Eidos-Montréal and Square Enix Montréal. IPs such as Tomb Raider, Deus Ex, Legacy of Kain, Thief and “more than 50 back-catalog games” are also part of the deal. The total value of the deal is a surprisingly small amount of $ 300 million. A press release on Embracer’s website states that the deal is expected to close sometime between July and September 2022. The purchase of the aforementioned studios includes about 1,100 employees, the announcement continues. With the acquisition of many large IPs, it is implied that some will get the green light for new games. The “continuous sales and operations of more than 50 studio back-catalog games” is an interesting point, although what these games are has not been clarified. A press release from Square Enix also looks at the deal from its perspective. This seems to be part of a plan to make the publisher more efficient and optimize its production and development. “In the future, the Company’s development operation will include its studios in Japan, Square Enix External Studios and Square Enix Collective,” the statement said. “The Company’s studios abroad will continue to publish franchises such as JUST CAUSE, OUTRIDERS and Life is Strange.” The publisher also says that the funds from the agreement will be used for “investments in areas such as blockchain, artificial intelligence and the cloud.” It is another huge acquisition in a period of great change. Sony was buying a studio, with Bungie being the largest in recent memory, while Microsoft has been making waves, acquiring ZeniMax Media (Bethesda) and, assuming the deal is completed, Activision Blizzard. How do you like this news? Discuss in the comments section below.
