Embracer Group Acquiring Square Enix Montreal, Eidos, Crystal Dynamics
Though not quite on the same level as the likes of Nintendo, Sony, and Microsoft, to say that Embracer Group is a pretty big player in the video game industry would be a bit of an understatement. Made up of publishers including Gearbox Entertainment, THQ Nordic, and Deep Silver, the Swedish company has quietly grown into one of the industry's biggest and most influential entities over the past decade or so.
In recent years, the group added Saber Interactive and 4A Games to its impressive staple of studios and, with them, the rights to popular series like Metro and Crysis. However, the group's most recent acquisition is by far its most impressive, with several industry-leading studios and one or two of the biggest video game franchises now among its vast array of assets.
RELATED: Embracer Group Acquires 3D Realms and 7 More Studios
In the early hours of May 2, Embracer Group announced that it had entered into an agreement with Square Enix to acquire three of the Japanese giant's biggest development studios. As well as Eidos and Square Enix Montreal, the $300 million deal will also include Crystal Dynamics, the studio behind the hugely successful Tomb Raider reboot trilogy.
When all's said and done, the deal will affect more than 1,000 employees across eight different locations worldwide. In addition to this, it will also include the rights to more than 50 previously released games as well as an impressive catalog of IPs that includes Thief, Deus Ex, The Legacy of Kain, and the aforementioned Tomb Raider series.
Announcing the deal, Embracer's co-founder and CEO Lars Wingforce expressed his delight at being able to welcome the three studios to Embracer Group, while also taking the time to recognize the world-class creative
Read more on gamerant.com
