Biggest Video Game News Of The Week (April 30 - May 6)
It really wouldn't be a seven-day span in the video gaming world in 2022 if there wasn't some sort of news regarding an acquisition. Well, there has been plenty of that this past week involving Square Enix, Sony, and Bungie, but surprisingly not Xbox. There's also been plenty for Star Wars fans to enjoy, even if there wasn't the Jedi: Fallen Order sequel reveal that we were all expecting, and more developments regarding the big PS Plus revamp. Yes, you will be more confused about the whole thing by the time you're done reading this.
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2022 has been a huge year for video game studio acquisitions and we're not even close to being halfway done with the year. From Xbox buying Activision Blizzard to Sony picking up Bungie, there have been some big deals already. Embracer buying up some of Square Enix's biggest studios this week ranks right up there, but the price paid for them does not. Just $300 million for Crystal Dynamics, Eidos Montral, and Square Enix Montreal. That means Embracer now owns the rights to Tomb Raider, Deus Ex, and potentially Square Enix's Marvel properties. An absolute steal when compared to the amount other studios have sold for already this year.
Sticking with the acquisition theme, shortly after Xbox paid a cool $70 billion for Activision Blizzard, Sony revealed it was adding Bungie to the PlayStation family. A $3.6 billion deal which sounds like nothing when directly compared to the Activision Blizzard acquisition, but an awful lot of money next to the Embracer one. Much like art, it seems video game studios are now worth whatever the buyer deems appropriate. While it might be worth a lot less, the Federal Trade
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