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 father or mother of Gearbox, Saber Interactive and THQ Nordic (amongst many others), has entered into an settlement to amass 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 workers throughout the three studios, with the overall buy worth totalling $300 million.

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

Sq. Enix states in its press launch that “the Transaction allows the launch of latest 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 whole, submit pending closings, Embracer could have greater than 14,000 workers, 10,000 engaged recreation builders, and 124 inner studios. Embracer’s upcoming content material pipeline contains greater than 230 video games with greater than 30 AAA video games. This acquisition will carry further 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 business, throughout all genres.

That is the most recent in a collection of excessive profile acquisitions within the online game business, 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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