Swedish Embracer Group will 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 circa 1,100 employees across three studios and eight global locations. The total purchase price amounts to USD 300 million.
”We are thrilled to welcome these studios into the Embracer Group. We recognize the fantastic IP, world class creative talent, and track record of excellence that have been demonstrated time and again over the past decades,” says Embracer Group co-founder and CEO Lars Wingefors. “It has been a great pleasure meeting the leadership teams and discussing future plans for how they can realize their ambitions and become a great part of Embracer.”
”Embracer is the best kept secret in gaming: a massive, decentralized collection of entrepreneurs whom we are thrilled to become a part of today. It is the perfect fit for our ambitions: make high-quality games, with great people, sustainably, and grow our existing franchises to their best versions ever,” says Square Enix America and Europe CEO Phil Rogers. “Embracer allows us to forge new partnerships across all media to maximize our franchises’ potential and live our dreams of making extraordinary entertainment.”
About Embracer Group
Embracer Group is a parent company of businesses led by entrepreneurs in PC, console, mobile and board games and other related media. The group has an extensive catalog of over 850 owned franchisesas well as 119 internal game development studios and is engaging more than 12,500 employees and contracted employees in more than 40 countries.
Learn more about Embracer Group at embracer.com.
