What did Square Enix sell to Embracer?

Embracer finalises acquisition of Square Enix assets

Crystal Dynamics

Crystal Dynamics

Crystal Dynamics, Inc. is an American video game developer based in San Mateo, California, and part of Embracer Group. The studio's games include entries in the Gex, Legacy of Kain, and Tomb Raider series.

https://en.wikipedia.org › wiki › Crystal_Dynamics

Crystal Dynamics - Wikipedia

, Eidos Montreal

Eidos Montreal

Eidos-Montréal is a Canadian video game developer based in Montreal and part of Embracer Group. The studio was founded by Stéphane D'Astous in 2007 under SCi Entertainment. It became part of Square Enix Europe in 2009 and CDE Entertainment in 2022.

https://en.wikipedia.org › wiki › Eidos-Montréal

Eidos-Montréal - Wikipedia

, and Square Enix Montreal will all now exist under the Embracer Group umbrella, with Embracer gaining development and publishing rights to several franchises such as Tomb Raider, Thief, and Legacy of Kain.

What games did Square Enix sell to Embracer?

Back in May, Square Enix sold off its western studios and IP (including Tomb Raider and Deus Ex) to Embracer for just $300m.

What all did Embracer Group buy?

Embracer Group owns the companies that own the companies that make: Little Nightmares II, Goat Simulator, Destroy All Humans!, TimeSplitters, Timecop, Darksiders, Saints Row, Duke Nukem, Borderlands, Valheim, Killing Floor, Deus Ex, and Tomb Raider.

Who did Square Enix sell to?

Square Enix said Monday it will offload three of its game development studios — Eidos Interactive, Crystal Dynamics and Square Enix Montreal — to Swedish firm Embracer Group . Embracer will also acquire the intellectual property for Tomb Raider and three other game series, including Deux Ex, Thief and Legacy of Kain.

What did Square Enix sell off?

Square Enix sold off Western studios due to concern of Japanese game sales being "cannibalised"

Square Enix Just SOLD a TON of GAME STUDIOS! Embracer Groups TAKES OVER?

What is Square Enix highest selling?

Of its intellectual properties (IPs), the Final Fantasy franchise is the best-selling, with total worldwide sales of over 173 million units. The Dragon Quest series has sold over 85 million units worldwide while the Kingdom Hearts series has shipped over 36 million copies worldwide.

Did Square sell Crystal Dynamics?

Today, gaming firm Embracer Group announced that its acquisition of Crystal Dynamics, Eidos Montreal and Square Enix Montreal, various IPs – such as Tomb Raider – has completed. The deal was originally announced in May for the purchase amount of $300 million.

Who owns Embracer Group?

Embracer Group is a Swedish video game holding company controlled by Lars Wingefors. In 2016, the company was spun out of Nordic Games Group and in 2019 it was renamed Embracer Group. As of 2021 they own more than 76 internal studios in over 45 countries in Europe and the Americas.

What franchises did Square sell?

In May 2022, Square Enix sold several assets of Square Enix Europe $300 million to Embracer Group, including former Eidos Interactive franchises such as Tomb Raider, Deus Ex, Thief, Legacy of Kain and more than 50 others.

What rights is Square Enix selling?

Square Enix sells its western studios and hits such as Tomb Raider for $300m. The Japanese gaming company behind Final Fantasy is selling off three studios, including the rights to hit franchises including Tomb Raider, in a $300m (£240m) deal.

How does Embracer have so much money?

While Embracer mainly has been acquiring studios and IP in the minor leagues for years, it's a company that you can no longer ignore when it comes to video game acquisitions. Because acquisitions in the video game industry are so hot right now, this has proven to be a lucrative strategy for Embracer Group.

Did Square Enix sell IPs to Embracer?

Original Story: Embracer Group has entered into an agreement to acquire 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" for $300 million.

Did Embracer buy Bloxburg?

List of franchises owned by Embracer Group, the parent company of THQ Nordic, Plaion (Deep Silver, Milestone), Coffee Stain Holding, Saber Interactive, DECA Games, Gearbox Software, Asmodee, Dark Horse Comics, and the Roblox experience Welcome To Bloxburg.

How much debt does Embracer have with Square Enix?

The deal cost Embracer $300 million, for which the company has secured debt funding of SEK 4 billion ($404.2 million) and extended an existing SEK 6 billion ($606.4 milion) loan.

Did Crystal Dynamics sell to Embracer?

On 2 May 2022, Embracer Group AB ("Embracer") entered into an agreement to acquire the development studios Crystal Dynamics, Eidos-Montréal, Square Enix Montréal, and a catalog of IPs including Tomb Raider, Deus Ex, Thief, Legacy of Kain and more than 50 back-catalog games from SQUARE ENIX HOLDINGS CO., LTD.

Does Square Enix still own Sleeping Dogs?

The Sleeping Dogs IP is owned by Square Enix. A decision to do anything further with it rests with them.

What is Embracer Group known for?

Embracer Group is a global group of entrepreneurial businesses in the gaming and entertainment industry. Through our decentralized operating model, we provide entrepreneurs and teams with the resources they need to succeed and unleash their full potential.

What is the most successful Square Enix game?

The company is best known for its role-playing video game franchises, which include the Final Fantasy, Dragon Quest, and Kingdom Hearts series. Of its properties, the Final Fantasy franchise is the best-selling, with a total worldwide sales of over 173 million units.

What is the highest selling Final Fantasy game?

Is Embracer Group profitable?

Embracer reported EBIT (operating profit) of SEK 63 million, down 36.3% from the same period in 2021.

Where does Embracer Group get its money?

Embracer Group is funded by 2 investors. Savvy Gaming Group and Canada Pension Plan Investment Board are the most recent investors. Embracer Group has acquired 20 organizations. Their most recent acquisition was Eidos on May 2, 2022 .

Is Embracer Group buying everything?

It's a running gag that Swedish conglomerate Embracer Group regularly buy up large chunks of the games industry, but now they've only gone and bought a whole universe. Embracer have acquired the rights to J.R.R. Tolkien's The Lord Of The Rings and The Hobbit properties from long-time owner The Saul Zaentz Company.

Is Sony buying Square?

There is no concrete evidence that Sony is on the verge of snapping up Square Enix in the near future. With Microsoft's acquisition of Activision Blizzard facing stiff opposition, it would be hard to imagine that Sony would make a similar move.

Why Square Enix sell Tomb Raider?

They're concerned about the rising cost of making games, especially when combined with the cost of running their own internal studios as well. This seems to mean that other studios may be shut down or sold off, while at the same time Square Enix sets up new teams by co-financing them with other companies.