Embracer Group: Company buys Square Enix and more

Embracer Group: Company buys Square Enix and more

Square Enix has agreed to sell all the content of the “western” division with Embracer Group on it. So Embracer Square Enix Montreal and more snapped!

This includes 1100 employees from the well -known studios Eidos Montreal, Crystal Dynamics and Square Enix Montreal.

Square Enix* Has Been Purchased!… By Embracer Group?
In addition, a number of game brands were sold. 50+ “Western” IPS like Tomb Raider, Thief, Deus Ex and Legacy of Kain now also belong to Embracer Group. Embracer Group paid $ 300 million for the deal.

“Embracer Group (” Embracer “) has an agreement to take over the development studios Crystal Dynamics, Eidos Montréal and Square Enix Montréal as well as a catalog of IPS like Tomb Raider, Deus Ex, Thief, Legacy of Kain and more than 50 games the back catalog of Square Enix Holdings Co., Ltd. (“Square Enix Holdings”). In total, the takeover comprises around 1,100 employees in three studios and eight locations worldwide. The total purchase price amounts to $ 300 million in cash and without debt, which is to be paid in full when the transaction is completed. Embracer has received additional long -term financing commitments for this and other upcoming transactions. The company today confirms its current operational EBIT forecast for the financial year 21/22, the 20/23 financial year and the financial year 23/24. The transaction is subject to various official and other external permits and is expected to be completed in the second quarter of Embracer’s financial year 22/23 (July September 2022). ”

Square Enix describes the sale, which was only $ 300 million, as a “start of new business to take part
Investments to advance areas such as blockchain, AI and the cloud ”.

Square Enix (Japan) retains the rights to Just Cause, Outriders, Life is Strange and other brands.

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