Embracer group buys Eidos, Crystal Dynmics and Square Enix Montreal

[Koba St]

https://embracer.com/release/embrac...nd-square-enix-montreal-amongst-other-assets/

Embracer Group AB ("Embracer") has entered into an agreement to acquire the development studios Crystal Dynamics, Eidos-Montréal, Square Enix Montréal, 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. ("Square Enix Holdings"). In total, the acquisition includes ~1,100 employees across three studios and eight global locations. The total purchase price amounts to USD 300 million on a cash and debt free basis, to be paid in full at closing. Embracer has secured additional long-term debt funding commitments for this and other transactions in the pipeline. The company today reiterates its current Operational EBIT forecast for FY 21/22, FY 22/23, and FY 23/24. The transaction is subject to various regulatory and other external approvals and is expected to close during the second quarter of Embracer's financial year 22/23 (July-September 2022).

 

[Kingshango]

I knew Square Enix was giving up on their western division but shyt Tomb Raider and Deus Ex for 300 mill?

 

[Tenchi Ryu]

What the fukk

 

[MajesticLion]

And a future Disney relationship with Avengers and GotG

 

[Prince Akeem]

I knew Square Enix was giving up on their western division but shyt Tomb Raider and Deus Ex for 300 mill?

Embracer made out like bandits.

A well made Tomb Raider title with the right marketing alone is worth more than 300Ms.

 

[ORDER_66]

I need that part 3 fam

 

[The Mad Titan]

Rip to those IPs and studios

 

[The Mad Titan]

Granted embracer low key has alot of good studio IPs

 

[Koba St]

I knew Square Enix was giving up on their western division but shyt Tomb Raider and Deus Ex for 300 mill?

That Tomb Raider exclusivity deal with Microsoft fukked them up so bad it never recovered.

 

[Kingshango]

Granted embracer low key has alot of good studio IPs

Being with Embracer means we get a higher likelihood of another Sleeping Dogs or Legacy of Kain game.

 

[ORDER_66]

Being with Embracer means we get a higher likelihood of another Sleeping Dogs or Legacy of Kain game.

legacy of Kain finish it embracer

 

[The Mad Titan]

Being with Embracer means we get a higher likelihood of another Sleeping Dogs or Legacy of Kain game.

Not sure they are getting all those IPs.

LoK maybe but sleeping dogs idk

 

[The Mad Titan]

That Tomb Raider exclusivity deal with Microsoft fukked them up so bad it never recovered.

Maybe it was that trash exclusive Spiderman marvel dlc that was the nail in the coffin.

 

[Kingshango]

Not sure they are getting all those IPs.

LoK maybe but sleeping dogs idk

They specifically name LoK in their press release

 

[breakfuss]

Embracer is such a weird name. Dystopian type shyt. I don't get the price at all. Same company paid over a billion for Borderlands .