Square Enix is set to sell three western studios to Embracer, and plans to use purchase to invest in blockchain games
Summary
The CEO of Embracer Group Lars Wingefors announced the acquisition in a statement confirming the deal between the two companies. Crystal Dynamics, Eidos-Montréal, and Square Enix Montréal will officially be a part of Embracer Group’s hefty studio lineup later in the year. Tomb Raider, Deus Ex, Thief, Legacy of Kain, and many more franchises now fall under its increasingly large umbrella. It’s also worth noting that Embracer Group purchased Gearbox Software for a total of $1.3 billion USD last year. “In addition, the Transaction enables the launch of new businesses by moving forward with investments in fields including blockchain, AI, and the cloud.”
AskAI Classifications
Sectors
Media and Entertainment
General Media and Entertainment
Functions
Marketing and Advertising
Developer and IT Infrastructure
Marketing Automation
Linked Companies
SQUARE ENIX GLOBAL
$1B+
Cision Ltd.
$500M to $1B