Embracer Group Acquires Three More Studios with a Deal Worth $300 Million.
Embracer Group strikes a deal that will see the acquisition of Eidos, Crystal Dynamics, and Square Enix Montreal. The agreement will result in Embracer Group getting control of the IPs like Tomb Raider, Deus Ex, Thief, Legacy of Kain, and more than 50 catalog games from Square Enix Holdings. According to the details of the deal, the official disclosed amount is $300 million.
Speaking on the occasion, the CEO of Square Enix America and Europe said, “Embracer is the best kept secret in gaming: a massive, decentralized collection of entrepreneurs whom we are thrilled to become a part of today.”
The three studios being acquired by Embracer Group include Crystal Dynamics, Eidos Montreal, and Square Enix Montreal. Crystal Dynamics is currently developing a Tomb Raider game using Unreal Engine 5.
While Eidos Montreal is popular for its recent massive success of Marvel’s Guardians of the Galaxy. As for Square Enix Montreal, its strength lies in mobile gaming with top titles like Hitman Go, Deus Ex Go, and Lara Croft Go.
Embracer Group is on an expansion spree lately. Its acquisition list keeps growing with recent acquisitions being 3D Realms, Gearbox, Ghost Ship Games, Dark Horse Comics, THQ Nordic, Koch Media, Saber Interactive, and the list goes on.