Embracer Group Officially Purchases Eidos Montreal, Crystal Dynamics and Square Enix Montreal

Embracer Group Just make the purchase official Eidos MontrealAnd the Crystal Dynamics s Square Enix MontrealVarious western development studies Square Enix recently announced acquisition. This was reported through their official channels, and expect that they will soon change the name to Square Enix Montreal and complete proces 300 million dollars.

Embracer Group Officially Completes Acquisition

On May 2, 2022, Embracer Group AB We reached an agreement to acquire Crystal Dynamics development studios, Eidos Montreal, Square Enix Montreal, a catalog of IPs including Tomb Raider, Deus Ex, Thief, Legacy of Kain, and more than 50 catalog games from Square Enix Holdings Co., LTD. All terms of the transaction, including regulatory approvals, have been met, and the transaction can be completed. Therefore, today Embracer has completed the acquisition, “we can read in official speech the company through its website.

Now, all these companies have become a new development operating group under the leadership Phil Rogers and its management team. Let’s remember that last May, it was announced that these studios and their IP addresses were sold to the Embracer Group for a total of 300 million dollars. The Embracer Group itself recently acquired the rights Lord of the Rings s the hobbit As part of Middle Earth Enterprises.

Among the first actions of the Embracer Group is the intention to launch a new AAA video games In a couple of years, which could mean the return of such famous epics as Deus Ex or Legacy of Kain, without a presence in the industry in recent years, as well as explore Other formats such as pop-up shows, remakes, or rehash titles from the past.

source | Embracer Group