Embracer Group To Acquire Crystal Dynamics, Square Enix Montréal, Eidos-Montréal, Plus IPs For $300 Million

Picture: Sq. Enix

Embracer Group, the Swedish online game holding firm and guardian of Gearbox, Saber Interactive and THQ Nordic (amongst many others), has entered into an settlement to accumulate a number of studios and a number 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 embrace over 1,100 staff throughout the three studios, with the overall buy worth totalling $300 million.

The information was put out through a press launch from each corporations. Embracer expects the deal “to shut through the second quarter of Embracer’s monetary 12 months 22/23 (July-September 2022)”.

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

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

That is the newest in a collection of excessive profile acquisitions within the online game business, with Microsoft within the means of a $68.7 billion acquisition of Activision Blizzard, after selecting up Bethesda and its IP in 2020.

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