Swedish holding company Embracer Group announced that it has initiated the acquisition of Crystal Dynamics, Square Enix Montreal and Eidos Montreal
Embracer Group announced an agreement with Square Enix Holdings for the acquisition of Crystal Dynamics, Eidos Montreal e Square Enix Montreal. In addition to real hits like the Deus Ex series, Tomb Raider, Legacy of Kain e Thief, the Swedish holding will also acquire “more than 50 backlogs” all for $ 300 million. The acquisition is expected to close in the second quarter of the financial year 2022/2023. Let’s see all the details about it in the next lines of this article.
Embracer Group: “We will help Crystal Dynamics, Square Enix Montreal and Eidos Montreal become an integral part of our society”
Lars Wingefors, co-founder and CEO of Embracer Group, said: “We are thrilled to welcome these studies to the Embracer group. We recognize the fantastic intellectual properties, world-class creative talent and track record of excellence that has been proven time and time again over the past decades by these software houses. It was a great pleasure to meet their management teams and discuss future plans on how to realize their ambitions and how to help them become an important part of Embracer. “
Phil Rogers, CEO at Square Enix America and Europe, he declared instead:
Embracer is a true benchmark – a huge decentralized company of entrepreneurs that we are thrilled to be joining today. It’s the perfect fit for our ambitions – to 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 the potential of our franchises and live out our dreams of creating extraordinary entertainment.
The three studios include approximately 1,100 employees at eight locations around the world. These acquisitions are just the latest in Embracer’s recent history. The latter, in fact, has already acquired studies of the caliber of Aspyr Media (Star Wars: Knights of the Old Republic – Remake), 4A Games (Metro Exodus) Ghost Ship Games (Deep Rock Galactic), Perfect World Entertainment ( Neverwinter), Dark Horse Media and so on. Furthermore, the same holding recently completed its merger with Gearbox Entertainment.
It’s unclear what it might mean for future projects like Tomb Raider (with the next game using Unreal Engine 5) or live service titles like Marvel’s Avengers. The acquisition could also lead to a revival of some IPs, which have been dormant for years, such as Legacy of Kain e Deus Ex. Embracer Group had previously announced plans to release over 25 triple-A titles by April 2026.
We will keep you updated on all future developments in this regard. In the meantime, always stay tuned to TechGameWorld.com for all the news and curiosities from the world of gaming and beyond. Lastly, for the video game download codes at discounted priceswe invite you to take a look at the Instant-Gaming.com store.