Rectify Gaming

Crystal Dynamics, Eidos Montreal, And Square Enix Montreal Up For Acquisition From Embracer Group In New Announcement


Posted on May 2, 2022 by Nick Moreno

Listen to this Article:

As many are aware, Japanese publisher continues to invest in delivering its unique IPs and properties with full-on support for its western audiences. Last year, Sega confirmed RGG Studio is to continue efforts on worldwide releases for the Yakuza/Judgment series. Additionally, beloved franchises like Jet Set Radio & Crazy Taxi – many English-speaking players continue to prop on a pedestal – is reportedly being rebooted at Sega.

However, other elements of Japanese teams show support for the region, but slowly relinquishes its divisions in the western hemisphere. In 2018, Capcom Vancouver responsible for the Dead Rising IP was shuttered. Elsewhere, firms like Square Enix suffers from investments like Marvel’s Avengers which was reported to cost the publisher $63 million due to its low performance.

In a surprising announcement from acquisition machine Embracer Group, the firm is planning to buyout Square Enix’s Crystal Dynamic, Eidos-Montreal, and Square Enix Montreal division.

We are thrilled to welcome these studios into the Embracer Group. We recognize the fantastic IP, world class creative talent, and track record of excellence that have been demonstrated time and again over the past decades. It has been a great pleasure meeting the leadership teams and discussing future plans for how they can realize their ambitions and become a great part of Embracer.

Lars Wingefors, Embracer Group CEO

“Embracer is the best kept secret in gaming: a massive, decentralized collection of entrepreneurs whom we are thrilled to become a part of today. It is the perfect fit for our ambitions: make high-quality games, with great people, sustainably, and grow our existing franchises to their best versions ever.”

Square Enix America and Europe CEO Phil Rogers continues, “Embracer allows us to forge new partnerships across all media to maximize our franchises’ potential and live our dreams of making extraordinary entertainment.” The deal is said to include recognized franchises including Deus Ex, Tomb Raider, Thief, Sleeping Dogs, and Legacy of Kain included in the holdings’ 50+ back-catalogue.

More in the meat of the acquisition plans, $300 million and is to be completely processed by July-September later this summer. Regarding what IP is to surmise from the deal so far, Crystal Dynamics not too long ago confirmed a new Tomb Raider game is in the works utilizing the newly released Unreal Engine 5. You can read the full report by heading here.

Are you surprised by the deal arranged with Embracer Group & Square Enix?

Source: Embracer Group

Share Everywhere!