Embracer Group, the parent company and owner of companies such as THQ Nordic, Gearbox Software, Deep Silver, and many more more has announced that they have entered into an agreement with Square Enix to acquire Crystal Dynamics, Eidos-Montréal, and Square Enix Montréal. This acquisition includes a “catalogue of IPs including Tomb Raider, Deus Ex, Thief, Legacy of Kain and more than 50 back-catalogue games from Square Enix.”
In total the acquisition will bring roughly 1,100 employees across the studios in eight global locations under Embracer Group’s name and the total purchase price has been listed at 300 million USD. It is worth noting that the deal has not yet been completed though it is expected to close during the second quarter of Embracer’s 2022/23 fiscal year.
”We are thrilled to welcome these studios into the Embracer Group. We recognize the fantastic IP, world class creative talent, and track record of excellence that have been demonstrated time and again over the past decades. It has been a great pleasure meeting the leadership teams and discussing future plans for how they can realize their ambitions and become a great part of Embracer,” says Lars Wingefors, Co-founder and Group CEO, Embracer Group.
”Embracer is the best kept secret in gaming: a massive, decentralized collection of entrepreneurs whom we are thrilled to become a part of today. It is the perfect fit for our ambitions: make high-quality games, with great people, sustainably, and grow our existing franchises to their best versions ever. Embracer allows us to forge new partnerships across all media to maximize our franchises’ potential and live our dreams of making extraordinary entertainment,” says Phil Rogers, Square Enix America and Europe CEO.