In case you somehow missed it, Square Enix and Embracer Group announced today that the two have entered into an agreement for Embracer Group to acquire Crystal Dynamics, Eidos-Montreal, Square Enix Montreal, and a bunch of intellectual property like Tomb Raider and Deus Ex. The deal for $300 million is expected to close somewhere between July and September 2022. Square Enix, for its part, has explained the purpose of the sale to Embracer Group as being down to a number of factors, but that it notably helps the company with “the launch of new businesses by moving forward with investments in fields including blockchain, AI, and the cloud.”
SQUARE ENIX HOLDINGS CO., LTD. enters into an agreement with Embracer Group for the acquisition of Crystal Dynamics, Eidos-Montréal, Square Enix Montréal, and IP. Press Release: https://t.co/ooOYacp4PW pic.twitter.com/2PmQE967gk
