RSS Feeds NGN on Facebook NGN on Twitter NGN on YouTube
Friday December 8, 2023
Header logo
  1. Index
  2. » News

Embracer Group to acquire multiple Square Enix studios

Multiple developers and their franchises are moving, including Tomb Raider and Deus Ex

Posted on

Embracer Group AB has announced it entered into an agreement to acquire the development studios Crystal Dynamics, Eidos-Montréal, Square Enix Montréal, and 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 includes ~1,100 employees across three studios and eight global locations. The total purchase price amounts to USD 300 million on a cash and debt free basis, to be paid in full at closing. The transaction is subject to various regulatory and other external approvals and is expected to close during July-September 2022.

Embracer has been particularly impressed by the studios’ rich portfolio of original IP, housing brands with proven global potential such as Tomb Raider and Deus Ex, as well as demonstrating the ability to create AAA games with large and growing fan bases. Embracer sees an opportunity to invest in these franchises, as well as the additional acquired IPs such as Legacy of Kain, Thief, and other original franchises.

After closing this transaction, the US will be Embracer’s #1 country by number of game developers and Canada will be #2. In total, post pending closings, Embracer will have more than 14,000 employees, 10,000 engaged game developers, and 124 internal studios. Embracer’s upcoming content pipeline includes more than 230 games with more than 30 AAA games.

Embracer Group AB (formerly Nordic Games Licensing AB and THQ Nordic AB) is a Swedish video game and media holding company based in Karlstad. The company was established under the name Nordic Games Licensing in 2011 as part of Nordic Games Group and as the parent of publisher Nordic Games GmbH. The company has been growing rapidly over the past few years through acquisitions.

Square Enix, meanwhile, only issued a brief statement, saying the transaction aligns with their future goals. Their overseas studios will continue to publish franchises such as JUST CAUSE, OUTRIDERS, and Life is Strange.

Square Enix

Comments
Screens







Online
There are currently 0 members and 103 guests on the website right now.
Who's On?
Activity in the past 10 minutes:
  • 103 guests
Best News this Month
Free PlayStation Plus games for December 2023
Three free games to wrap up the year

Posted 5 days ago
The Last of Us Part II Remastered announced
PS5 port of the stealth action game will be out early 2024
20 days ago
Dragon's Dogma 2 relase date announced
Action RPG sequel will arrive in first half of 2024
10 days ago
Details revealed for Season 1 of Modern Warfare III
Five new weapons, four new maps, a new vest and more
8 days ago
PC system requirements listed for Homeworld 3
Supports ray tracing and super resolution
8 days ago
Latest Comments
Grand Theft Auto VI - Trailer 1 Video
Dec 5, 2023 by JamesJay
it is finally happening, and i hope this means a co-op...
Grand Theft Auto VI - Trailer 1 Video
Dec 5, 2023 by fxvc
GTA - Florida Man edition. cant wait!
Dragon's Dogma 2 relase date announced
Nov 29, 2023 by fxvc
I know many people liked the original and some say its...
The Last of Us Part II Remastered announced
Nov 19, 2023 by JamesJay
not sure that the game needed a remaster, or to be called...
Alan Wake 2 Review
Nov 11, 2023 by JamesJay
I agree on too much nonsense. They charged from action...
New Game Network NGN Facebook NGN Twitter NGN Youtube NGN RSS