Square Enix sells Tomb Raider, Deus Ex & studios to Embracer Group in $300m deal Square Enix, Embracer GroupSquare Enix has sold off much of their Western studio output and IP catalog to Embracer Group in a $300 million deal. While Microsoft and PlayStation continue to acquire the greatest names in game development, Embracer Group is now the latest video game company to join the 2022 acquisition list by acquiring studios and IP from Square Enix. Square Enix has sold off their Western studio output and a huge portion of its IP catalog, in a fresh deal penned with Embracer Group for $300 million that will see the later acquire not only the Tomb Raider, Deus Ex, and Thief IP, but also a collection of studios including Eidos Montreal, Crystal Dynamics, and Square Enix Montreal. Embracer Group acquires Tomb Raider IP and more amid $300 million deal Embracer Group, the parent company behind Koch Media and THQ Nordic, brought Square Enix into their portfolio in a cash-only transaction. While Square Enix has recently pleased fans of the Kingdom Hearts franchise with a new game announcement, the long-running company has, in the past, noted that installments in traditionally Western franchises had underperformed. Read More: Everything in Warzone Pacific Season 3 Reloaded: Leaked fast travel system, new Perk, more – It is expected that the acquisition between Embracer Group and Square Enix will conclude within the second quarter of FY20232. While Square Enix will be relinquishing a heavy portion of their back catalog, they have clarified that franchises such as Just Cause, Life Is Strange and Outriders will remain under their banner. Speaking on the news of Embracer Group\u2019s purchase, Square Enix reiterated their pursuit of blockchain technology in gaming: \u201cThe launch of new businesses by moving forward with investments in fields including blockchain, AI, and the cloud.\u201d Square Enix American and Europe\u2019s CEO, Phil Rogers, said that \u201cEmbracer is the best-kept secret in gaming: a massive, decentralized collection of entrepreneurs whom we are thrilled to become a part of today\u201d in a press statement. Read more: Outriders Worldslayer preview – \u201cIt 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. Embracer allows us to forge new partnerships across all media to maximize our franchises\u2019 potential and live our dreams of making extraordinary entertainment.\u201d It remains to be seen whether the Marvel licensing deal, which saw the release of Marvel\u2019s Avengers and Marvel\u2019s Guardians of the Galaxy from Crystal Dynamics and Eidos Montreal respectively, will be affected by the deal.<\/p>\n","protected":false},"excerpt":{"rendered":"
Square Enix sells Tomb Raider, Deus Ex & studios to Embracer Group in $300m deal Square Enix, Embracer GroupSquare Enix has sold off much of their Western studio output and IP catalog to Embracer Group in a $300 million deal. While Microsoft and PlayStation continue to acquire the greatest names in game development, Embracer Group […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-85041","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/posts\/85041","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/comments?post=85041"}],"version-history":[{"count":0,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/posts\/85041\/revisions"}],"wp:attachment":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/media?parent=85041"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/categories?post=85041"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/tags?post=85041"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}