Crystal Dynamics, Eidos-Montreal, Square Enix Montreal, and their IP have been purchased by Embracer

Crystal Dynamics, Eidos-Montreal, Square Enix Montreal, and their IP have been purchased by Embracer ...

Embracer Group has announced today that it has agreed to acquire Crystal Dynamics, Eidos-Montreal, and Square Enix Montreal. Various IP agreements with Embracer include Tomb Raider, Deus Ex, Thief, and Legacy of Kain.

Embracer is spending $300 million on the deal, although it''s a lot of money. However, it''s significantly less likely than other recent blockbuster gaming agreements. Sony is spending $3.6 billion on Bungie.

Embracer has been in the acquisition industry since before major deals like Microsoft purchasing Bethesda (and later Activision Blizzard) made them a part of an industry trend. Other major gaming companies include Deep Silver, Saber Interactive, and THQ Nordic.

Square Enix has had a good time bringing Crystal Dynamics and Eidos releases back to their own devices as a result of their financial flaws. This move allows Square Enix to increase its investments in blockchain, AI, and cloud gaming.

Embracer anticipates the contract, which includes 1,100 employees, to close between July and September of this year.

Crystal Dynamics is currently assisting Microsoft with the development of its Perfect Dark reboot. It is also developing a new Tomb Raider game.

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