Embracer Group Acquisition of Crystal Dynamics, Eidos, and Square Enix Montreal Completed - News
by William D'Angelo , posted on 26 August 2022 / 3,001 Views
Embracer Group announces its acquisition of Crystal Dynamics, Eidos-Montreal, Square Enix Montreal, and a collection of IPs, including Tomb Raider, Deus Ex, Thief, Legacy of Kain and more from Square Enix has been completed.
The companies will form Embracer Group's 12 operative group under the leadership of Phil Rogers and his management teams.
More information on the acquisition will be released by Embracer Group and the companies at a later date.
The acquisition was announced in May in a deal worth $300 million. Embracer Group paid for the deal in a cash and debt-free basis.
"We are thrilled to welcome these studios into the Embracer Group," Embracer Group co-founder and CEO Lars Wingefors said in May. "We recognize the fantastic intellectual property, world class creative talent, and track record of excellence that have been demonstrated time and again over the past decades. It has been a great pleasure meeting the leadership teams and discussing future plans for how they can realize their ambitions and become a great part of Embracer."
Square Enix America and Europe CEO Phil Rogers added at the time, "Embracer is the best kept secret in gaming: a massive, decentralized collection of entrepreneurs whom we are thrilled to become a part of today. It is the perfect fit for our ambitions: make high-quality games, with great people, sustainably, and grow our existing franchises to their best versions ever. Embracer allows us to forge new partnerships across all media to maximize our franchises’ potential and live our dreams of making extraordinary entertainment."
A life-long and avid gamer, William D'Angelo was first introduced to VGChartz in 2007. After years of supporting the site, he was brought on in 2010 as a junior analyst, working his way up to lead analyst in 2012 and taking over the hardware estimates in 2017. He has expanded his involvement in the gaming community by producing content on his own YouTube channel and Twitch channel. You can contact the author on Twitter @TrunksWD.
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All corporate talking heads sound pretty much the same.
Especially when talking about something like this. There isn't really anything they can say other than "we'll be a great fit." If an exec is in the way out the door, they don't get to make a statement.
This was a steal, a bargain price!
Square Enix was desperate for cash they settled with change.
Square Enix only paid 83 million pounds for this lot when they bought it. These aren't exactly top-tier properties.
its a shame kane and lynch ip was not in the mix i really liked them and hoping for a 3rd or reboot
Ok. Anachronox 2. Make it happen. Get Tom Hall back in on it. We believe in you, Embracer.
That was fast.
