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Embracer Group is acquiring Crystal Dynamics, Eidos, and Square Enix Montreal

Embracer Group is buying Crystal Dynamics and Eidos from Sq. Enix, in addition to Sq. Enix Montreal – the businesses introduced this morning.

Information that Embracer Group is buying Crystal Dynamics and each Montreal studios additionally features a host of mental properties like Tome Raider, Legacy of Kain, Thief, Deus Ex, and extra. The whole acquisition worth for all three studios and IPs amouns to $300 million in money on a debt-free foundation, paid in full when the transaction is authorised and closed between July-September 2022.

Following the acquisiton, Sq. Enix will likely be comprised largely of their inner studios in Japan, in addition to their varied companions within the Sq. Enix Collective and Sq. Enix Exterior Studios. They’ll additionally proceed to publish video games from third-party made franchises like Life is Unusual, Simply Trigger, and Outriders.

Sq. Enix additionally famous the acquisition will internet them capital which they’ll use to launch new enterprise endeavors “by shifting ahead with investments in fields together with blockchain, synthetic intelligence, and the cloud.

”We’re thrilled to welcome these studios into the Embracer Group. We acknowledge the incredible IP, world class inventive expertise, and monitor report of excellence which were demonstrated again and again over the previous a long time,” mentioned Embracer Group co-founder and CEO Lars Wingefors. “It has been an excellent pleasure assembly the management groups and discussing future plans for the way they will understand their ambitions and change into an excellent a part of Embracer.”

Sq. Enix America and Europe CEO Phil Rogers added, ”Embracer is one of the best saved secret in gaming: an enormous, decentralized assortment of entrepreneurs whom we’re thrilled to change into part of right now. It’s the excellent match for our ambitions: make high-quality video games, with nice folks, sustainably, and develop our current franchises to their finest variations ever. Embracer permits us to forge new partnerships throughout all media to maximise our franchises’ potential and reside our desires of creating extraordinary leisure.”

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