Forgot password
Enter the email address you used when you joined and we'll send you instructions to reset your password.
If you used Apple or Google to create your account, this process will create a password for your existing account.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Reset password instructions sent. If you have an account with us, you will receive an email within a few minutes.
Something went wrong. Try again or contact support if the problem persists.

Embracer Group Acquires Square Enix Western Developers for $300 Million

In another round of video game studio acquisitions, Embracer Group has entered into an agreement with Square Enix to acquire its western studios and IP.

Recommended Videos

Embracer Group Acquires Square Enix Western Developers for $300 Million

This news comes from a press release put out by The Embracer Group which states the company will purchase “Crystal Dynamics, Eidos-MontrĂ©al, Square Enix MontrĂ©al, and a catalogue of IPs including Tomb Raider, Deus Ex, Thief, Legacy of Kain and more than 50 back-catalogue games from SQUARE ENIX HOLDINGS CO., LTD”

If and when the deal goes through Embracer will have picked up all of that IP for $300 million dollars. This is not close to the first time Embracer has made a large purchase of old video game IPs. In fact, most of its catalog consists of old IPs purchased over the past few years.

In the release, it mentions that Crystal Dynamics is “actively working on several AAA projects” and we know one of them to be a new Tomb Raider game which was announced a few weeks ago during the Unreal Engine five demonstration.

It also mentions that Square Enix Montreal, which consists of almost 150 employees will “continue to develop and operate memorable mobile games based on AAA IP.

The deal is expected to be completed during Q2 of Embracer’s 22/23 financial year, which would be somewhere between July/September 2022.


Prima Games is supported by our audience. When you purchase through links on our site, we may earn a small affiliate commission. Learn more about our Affiliate Policy
Author
Image of Jesse Vitelli
Jesse Vitelli
Jesse loves most games, but he really loves games that he can play together with friends and family. This usually means late nights in Destiny 2 or FFXIV. You can also find him thinking about his ever-expanding backlog of games he won't play and being constantly dehydrated. Do not contact him.