Embracer Group to acquire multiple Square Enix studios

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A number of builders and their franchises are shifting, together with Tomb Raider and Deus Ex

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Embracer Group AB has introduced it entered into an settlement to accumulate the event studios Crystal Dynamics, Eidos-Montréal, Square Enix Montréal, and a listing of IPs together with Tomb Raider, Deus Ex, Thief, Legacy of Kain and greater than 50 back-catalogue video games from Sq. Enix.

In complete, the acquisition consists of ~1,100 workers throughout three studios and eight world places. The entire buy worth quantities to USD 300 million on a money and debt free foundation, to be paid in full at closing. The transaction is topic to varied regulatory and different exterior approvals and is anticipated to shut throughout July-September 2022.

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Embracer has been notably impressed by the studios’ wealthy portfolio of authentic IP, housing manufacturers with confirmed world potential reminiscent of Tomb Raider and Deus Ex, in addition to demonstrating the flexibility to create AAA video games with massive and rising fan bases. Embracer sees a chance to spend money on these franchises, in addition to the extra acquired IPs reminiscent of Legacy of Kain, Thief, and different authentic franchises.

After closing this transaction, the US will probably be Embracer’s #1 nation by variety of sport builders and Canada will probably be #2. In complete, put up pending closings, Embracer can have greater than 14,000 workers, 10,000 engaged sport builders, and 124 inner studios. Embracer’s upcoming content material pipeline consists of greater than 230 video games with greater than 30 AAA video games.

Embracer Group AB (previously Nordic Video games Licensing AB and THQ Nordic AB) is a Swedish online game and media holding firm primarily based in Karlstad. The corporate was established beneath the identify Nordic Video games Licensing in 2011 as a part of Nordic Video games Group and because the guardian of writer Nordic Video games GmbH. The corporate has been rising quickly over the previous few years by acquisitions.

Sq. Enix, in the meantime, solely issued a short assertion, saying the transaction aligns with their future objectives. Their abroad studios will proceed to publish franchises reminiscent of JUST CAUSE, OUTRIDERS, and Life is Unusual.

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