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Embracer Group announces acquisition of Crystal Dynamics, Eidos Montreal and IPs – Nerd4.life

Embracer Group AnnouncedObsession from Crystal DynamicsAnd Eidos Montreal and Square Enix Montreal, as well as the intellectual property rights to each, in the amount of $300 million.

Thus, the group acquired brands such as Tomb Raider, whose next game will be a remake in Unreal Engine 5, but also The former godAnd thiefAnd kenya heritage and more than fifty other titles formerly owned by Square Enix.

The acquisition also includes 1,100 employees in the three studios and a total of eight international offices. The deal is clearly awaiting regulatory approval: it is expected to be finalized Between July and September 2022.

“We are delighted to welcome these studios to the Embracer Group. We recognize outstanding intellectual property, world-class creative talent and a proven track record of excellence over the past decade,” said Lans Wingefors, CEO of The Embracer Group.

“This is a perfect addition to our ambitions: to create high-quality games with great talent and grow our existing franchises to the best releases ever.”

For starters, the Embracer Group has over the years acquired different realities in the video game business and beyond: from THQ to Koch Media/Deep Silver, from Gearbox Software to Coffee Stain Studios, and from Dark Horse to Saber Interactive.

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Maggie Benson

"Bacon trailblazer. Certified coffee maven. Zombie lover. Tv specialist. Freelance communicator."

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