• Square Enix Sells Three Western Studios and Titles Such As 'Tomb Raider,' 'Deus Ex'

    18 days ago - By Hypebeast

    Square Enix has sold three of its major Western game studios - the U.S.-based Crystal Dynamics, Eidos Montreal and Square Enix Montreal- to Swedish gaming group Embracer. The deal encompasses the intellectual property rights to its game franchises, such as Tomb Raider , Deus Ex and Thief and Legacy of Kain. It also includes the rights to “more than 50 back-catalog games.” Embracer's purchase of the three studios amounts to $300 million USD “on a cash and debt free basis, to be paid in full at closing.” The acquisition includes 1,100 employees across the three studios and eight global...
    Read more ...