- Joined
- May 21, 2020
- Favourite title
- Shenmue
- PSN
- Jrockstr
Embracer Group AB (”Embracer”) has 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 HOLDINGS CO., LTD. (“Square Enix Holdings”). 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. Embracer has secured additional long-term debt funding commitments for this and other transactions in the pipeline. Transaction likely to close between July-September 2022.
link: https://embracer.com/release/embrac...nd-square-enix-montreal-amongst-other-assets/Interesting to note is that SE is keeping the Just Cause, Life is Strange, and Outriders IP.