While we continue to see big trades day by day in the game world, a new one has been added to these today. Japan-based Square Enix, the giant name of the game world, announced that it has sold three game studios, which have brought many popular series and games to our lives, to Sweden-based publisher Embracer Group.
According to the shared press release, Embracer Group (formerly THQ Nordic) has acquired Square Enix’s Crystal Dynamics, Eidos-Montréal and Square Enix Montréal studios. It was announced that the return of the said purchase was only 300 million dollars. With the purchase, all the rights of some giant productions passed into the hands of the Embracer Group.
Studios’ rights to all games passed to Embracer Group:
Embracer Group has acquired Crystal Dynamics and has acquired all rights to the new Tomb Raider trilogy. In addition, the company also acquired the rights to the classic Deus Ex series with Eidos Montréal, and mobile and PC games such as Square Enix Montréal and Hitman Go, Hitman: Sniper, Deus Ex Go and Lara Croft Go.
Square Enix is turning to blockchain:
Square Enix also clarified why it decided to sacrifice these three studios in its shared statement. The company announced that the $300 million revenue it will generate will “provide the launch of new businesses and move forward with investments in areas such as blockchain, artificial intelligence and cloud.”
Embracer Group will develop new games
Embracer Group, the new owner of the three studios, also shared some news that will make players happy. The company heralded a new Tomb Raider game. The purchase also caused Deus Ex fans to expect a new Deus Ex game. On the other hand, the fate of The Avengers and Guardians of the Galaxy games developed by Crystal Dynamics and published by Square Enix has not been announced yet.
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