Embracer Group To Purchase Crystal Dynamics, Sq. Enix Montréal, Eidos-Montréal, Plus IPs For $300 Million

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TombRaider
Picture: Sq. Enix

Embracer Group, the Swedish online game holding firm and mum or dad of Gearbox, Saber Interactive and THQ Nordic (amongst many others), has entered into an settlement to amass a number of studios and a collection of IP from Sq. Enix.

Included within the deal are three studios — Crystal Dynamics, Sq. Enix Montréal, and Eidos-Montréal — plus a listing of IP and video games together with Tomb Raider, Deus Ex, Thief, Legacy of Kain and over 50 “back-catalogue” titles. The acquisition will embody over 1,100 staff throughout the three studios, with the full buy value totalling $300 million.

The information was put out by way of a press launch from each firms. Embracer expects the deal “to shut in the course of the second quarter of Embracer’s monetary yr 22/23 (July-September 2022)”.

Sq. Enix states in its press launch that “the Transaction allows the launch of recent companies by shifting ahead with investments in fields together with blockchain, AI, and the cloud.” The Japanese firm additionally says that it “will proceed to publish franchises resembling Simply Trigger, Outriders, and Life is Unusual”.

After closing this transaction, the US will probably be Embracer’s #1 nation by variety of sport builders and Canada will probably be #2. In complete, publish pending closings, Embracer could have greater than 14,000 staff, 10,000 engaged sport builders, and 124 inside studios. Embracer’s upcoming content material pipeline contains greater than 230 video games with greater than 30 AAA video games. This acquisition will carry extra scale to Embracer’s present AAA phase, and Embracer could have one of many largest pipelines of PC/Console video games content material throughout the trade, throughout all genres.

That is the most recent in a sequence of excessive profile acquisitions within the online game trade, with Microsoft within the strategy of a $68.7 billion acquisition of Activision Blizzard, after choosing up Bethesda and its IP in 2020.


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