Japan-based game company Square Enix has taken action to sell the studios behind the “Tomb Raider”, “Deux Ex” and “Thief” series. It looks like Embracer Group wants to take Square Enix’s presence in the Western world.

The $300 million deal between Square Enix and Embracer Group includes the Japanese company’s famous games and game studios. Under the deal, Crystal Dynamics, Eidos-Montreal and Square Enix Montreal studios will be divested.

Embracer acquires Square Enix games for $300 million

Embracer Group has announced that it will acquire most of Square Enix’s development teams in the West for $300 million. The agreement, which is expected to be completed in the July-September quarter; It will lead to the change of hands of famous game series such as “Tomb Raider”, “Deux Ex” and “Thief”.

This recently confirmed sale is the latest in a huge deal rush in the gaming industry. . The agreement, which is thought to affect 1,100 employees in total; Crystal Dynamics includes studios Eidos-Montreal and Square Enix Montreal.

Embracer Group, which has increased its reputation in the European and US game world with acquisitions, will have captured more than 230 productions, including 30 AAA games with big budgets, after the agreement.

Square Enix said that it still owns the production rights to “Just Cause”, “Outriders” and “Life is Strange” and made the following statements regarding the deal:

“The company’s development team has released their studios in Japan. -Square Enix External Studios and Square Enix Collective-. The company’s overseas studios will continue to release series such as Just Cause, Outriders and Life is Strange.”

Embracer upon completion of the agreement; THQ Nordic will own 124 game development firms, including studios like Deep Silver, Saber Interactive, and Gearbox Software.

It was stated that Square Enix, which is thought to turn to the “Final Fantasy” and “Dragon Quest” franchises after the sale of the famous series, will also invest in areas such as blockchain, artificial intelligence and cloud.

Last year, the Tokyo-based firm said that it was reviewing its product range to adapt to industry changes such as metaverse games.

So what do you think about this huge sale from Square Enix? You can share your views with us in the comments section or on the SDN Forum.