Embracer Group has acquired intellectual property and three Western videogame studios from Japanese game developer Square Enix.
“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,” Embracer CEO Lars Wingefors said in a statement.
The two groups reached an agreement on Monday, but the $300 million deal won’t be made official until later this year, likely sometime between July and September.
The deal encompasses intellectual property to upwards of 50 back-catalog games, including the popular Tomb Raider, Deus Ex and Legacy Kain franchises. It also includes studios Crystal Dynamics, Eidos Montreal and Square Enix Montreal and their staffs, which totals around 1,100 employees.
That's right. It's that season. Mariah Carey's "All I Want for Christmas Is You" will…
We've all heard the memes ranging from, "Don't play League of Legends if you like Arcane," "I won't…
Kojima Production's action-adventure shooter game, Death Stranding, was released exclusively on the PlayStation4 back in…
The seventh patch for the video game RPG Baldur’s Gate 3 has been out since…
One of Sega’s long-loved franchises, The House of the Dead, is finally getting a film…
Ubisoft has released its new blockchain, Web3 game, Champions Tactics: Grimoria Chronicles. A few years…