Embracer Group Acquires Square Enix devs for $300 Million

The Embracer Groupowner of THQ Nordic and one of the most active studio buyouts in recent years, has just become the owner of IPs like Tomb riderAnd AssassinAnd The former god and others. How do? The Square Enix She negotiated three of her studios with the Swedish conglomerate for US$300 million.

Crystal Dynamics, along with Eidos-Montréal and Square Enix Montréal, will become part of the company following a purchase agreement that will become official in the second quarter of fiscal year 2022 — between July and September 2022.

With the completion of the transaction, Embracer Group intends to maintain its focus on AAA productions and take advantage of opportunities to accelerate the organic growth of its studios. More details were shared at a conference this morning:

Embracer Group founder praises Square Enix Teams

In a press release, Embracer Group outlined the importance of acquiring Square Enix Studios. The conglomerate owners believe that quality single player games will be in high demand for years to come.

According to Lars Wingfors, co-founder and CEO of the company, the talent of the teams is different. research:

We are excited to welcome these studios to the Embracer Group. We appreciate their impressive IP addresses, world-class creative talent, and excellent track record that has been demonstrated over the past few decades.

It has been a pleasure meeting with the team leaders and discussing future plans, and how they will achieve their ambitions and become important to Embracer.

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