Square Enix sells its three Western gaming studios along with related video game houses – including big names like Grave-general, Deus Exand Thief. Studios and homes are set to become acquired by Embracer Group An estimated $ 300 million; Following the approval, the purchase is set to be completed between July and September this year.
In total, Embracer has access to Crystal Dynamics, Eidos-Montreal, and Square Enix Montreal, with a total of “1,100 staff consisting of three studios and eight international locations.” In the case of game houses, the company will be the representative of the brands in which they are located Tomb Raider, Deus Ex, Tuugand Kain’s legacy, “along with regular sales and studio operations’ for more than 50 games in the booklet,” according to Embracer. Among other games already underway, Crystal Dynamics recently announced that it is working on a new one Grave-general the title.
Embracer is a large silent publishing team, working in more than 100 studios including similar ones. Boundaries developer Gearbox, Saber Interactive, and THQ Nordic. It also has a comedy and entertainment theme in Horse Dark. Embracer says, when the Square Enix deal closes, it will have a total of 124 indoor studios and 14,000 staff.
“We are delighted to welcome this Embracer team to the studio,” founder and CEO Lars Wingefors said in a statement. “We recognize the fantastic IP, the global talent for innovation, and the excellent record that has been presented over time and over the past decade. It has been a great pleasure to meet with leadership teams and discuss future plans. in order to realize their ambitions and become an integral part of the Embracer. “
Square Enix originally started its Western sports development in 2009 when it acquired Eidos Interactive, during which time it was overseeing something new. Hitman, Grave-generaland Deus Ex release along with the expansion of the original Marvel game. 2017, Hitman developer IO Interactive has separated Square Enix to become an independent studio. Despite the agreement, Square Enix is not entirely out of place in the West; the company noted will still publish The only reason, Life is weird and Those outside games
The news comes at a time when we are particularly busy buying video games. Sony is buying The future Bungie developer $ 3.6 billion, Take-Two spent $ 12.7 billion FarmVille Zynga maker, and, the biggest deal yet, Microsoft is set to buy Activision Blizzard for around $ 69 billion.