Image: Square Enix
Embracer Group, the Swedish video game holding company and parent of Gearbox, Saber Interactive and THQ Nordic (among many others), has signed an agreement to acquire several studios and a selection of IPs from Square Enix.
The deal includes three studios – Crystal Dynamics, Square Enix Montréal and Eidos-Montréal – plus a catalog of IPs and games, including Tomb Raider, Deus Ex, Thief, Legacy of Kain and more than 50 back-catalog titles. The acquisition will include more than 1,100 employees in the three studios, with a total purchase price of $ 300 million.
The news was spread through a press release from both companies. Embracer expects the transaction “to close in the second quarter of the financial year of Embracer 22/23 (July-September 2022)”.
Square Enix said in a press release that “the transaction allows new businesses to be started by moving forward with investments in areas including blockchain, AI and the cloud.” The Japanese company also says 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 to acquire Crystal Dynamics, Eidos-Montréal, Square Enix Montréal and IP.
Press release: pic.twitter.com/2PmQE967gk
– Square Enix (@SquareEnix) May 2, 2022
Following the completion of this transaction, the United States will be Embracer’s страната1 country in terms of the number of game developers, and Canada will be №2. In total, after the pending closures, Embracer will have more than 14,000 employees, 10,000 engaged game developers and 124 in-house studios. Upcoming Embracer content includes more than 230 games with more than 30 AAA games. This acquisition will add to the current Embracer AAA segment and Embracer will have one of the largest content pipelines for computer / console games 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 after acquiring Bethesda and its IP in 2020.
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