Embracer Group has announced its latest acquisition, which is also a big acquisition. By trading with Square Enix for $ 300 million, you will acquire Crystal Dynamics, Eidos-Montriol and Square Enix Montreal.
Share the news on press releaseThe acquisition also includes the intellectual property rights of several major franchises, including Tomb Raider, Deus Ex, Thief, Legacy of Kain, and “Square Enix Holdings’ Over 50 Back Catalog Games.” Square Enix expresses it well, but given what’s offered here, it’s a surprisingly small amount. Disappointment in sales For western games.
Embracer has confirmed that the deal will affect 1,100 employees and, if successful, will close between July and September of this year. Further speaking, co-founder and group CEO Lars Wingefors said: We recognize great IP, world-class creative talent, and a track record of excellence that has been proven many times over the last few decades. It was a great pleasure to meet with the leadership team and discuss future plans for how they can realize their ambitions and become the majority of Embracer. ”
Proprietary release statementSquare Enix said, “By investing in fields such as blockchain, AI, and cloud, we will be able to launch new businesses.”
According to Square Enix, the transaction (only $ 300 million) will “make it possible to launch new businesses by investing in areas such as blockchain, AI and the cloud.” SE still has Just Cause, Outrider, Life is Strangemore: https: //t.co/acRNj9xYv5 pic.twitter.com/2ORwCoJItIMay 2, 2022
It’s unclear what the remaining 50 games are, but Embracer said in the dealNext Mainline Tomb Raider Game.. Announced at Epic’s recent State of Unreal event, Crystal Dynamics revealed it’s being used. Unreal Engine 5.. In April, Dallas Dickinson, general manager of the Tomb Raider franchise, “transforms the new engine into the next level of storytelling and gameplay experience.”
Otherwise, Square Enix confirmed that this would not affect other overseas studios, saying, “In the future, our development functions will consist of domestic studios, Square Enix external studios, and Square Enix collectives. Will be done. ” So it keeps publishing Just Cause, Outrider, and Life is Strange.
Who is the Embracer Group?
We have all seen the takeover war between Microsoft and Sony in recent years. Bethesda When Bungee Go to each of these teams. However, Sweden-based Embracer Group has made several major acquisitions of its own, prominently acquiring Borderlands developers. Gearbox entertainment last year.
This has increased over the past few years and now the company has well-known companies such as THQ Nordic, Koch Media / Deep Silver, Coffee Stain AB, Amplifier Game Invest, Saber Interactive, 3D Realms and Aspyr Media. Many more. In total, there are over 100 in-house studios within Embracer.
Embracer also has some big projects to look forward to in the coming years.Along with big names like Restart Saints Row When Star Wars: A remake of the Knights of the Old RepublicDeep Silver confirms plans to reform Free Radical Design last May, new TimeSplitters The game is under development.