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Image: Square Enix<\/figcaption><\/p>\n<\/div>\n<\/figure>\nThe Embracer Group, a planet-swallowing mass of video game publishers that already includes the likes of Gearbox and THQ Nordic<\/span>, tonight announced a deal to purchase a number of storied studios and properties from Square Enix.<\/p>\nWhile the purchase isn\u2019t final\u2014this is just \u201can agreement to acquire\u201d them until everything is signed off later in the year\u2014the announcement press release says that if approved it will be a USD$300 million deal. For the $300 mil, Embracer will get hold of:<\/p>\n
\n- The studios Crystal Dynamics, Eidos Montreal and Square Enix Montreal (the latter of which will presumably be in for a name change), numbering around 1,100 employees worldwide.<\/li>\n
- The \u201ccatalogue of IPs\u201d owned and\/or worked on by those studios, including Deus Ex<\/em>, Tomb Raider<\/em>, Thief, Legacy of Kain <\/em>and \u201cthe continued sales and operations of the studios\u2019 more than 50 back-catalogue games.\u201d Also of interest: \u201cCrystal Dynamics is actively working on several AAA projects, including the next mainline Tomb Raider game that will deliver next-generation storytelling and gameplay experiences.\u201d<\/li>\n<\/ul>\n
Square Enix bought Eidos (and Crystal Dynamics along with it) in 2009, and while initially overseeing a number of well-received reboots of series like Tomb Raider <\/em>and Deus Ex<\/em><\/span>, later games in those properties\u2014along with licensed efforts like The Avengers<\/em> and Guardians of the Galaxy<\/em>\u2014their ownership became something of a meme in recent years, as no matter how high their review scores ended up being, or how many copies they would sell, Square Enix would always say the games had \u201cunder-performed.\u201d<\/span><\/p>\nPerhaps knowing that the first question most folks would have following a deal like this would be, \u201cSo what\u2019s happening with those series?\u201d Embracer\u2019s press release says:<\/p>\n
\n The acquisition brings a compelling pipeline of new installments from beloved franchises and original IPs, including a new Tomb Raider<\/em> game. The acquisition builds on Embracer\u2019s mission of creating a leading independent global gaming and entertainment ecosystem. Embracer has been particularly impressed by the studios\u2019 rich portfolio of original IP, housing brands with proven global potential such as Tomb Raider <\/em>and Deus Ex<\/em>, as well as demonstrating the ability to create AAA games with large and growing fan bases. There are compelling opportunities to organically grow the studios to maximize their commercial opportunities.<\/p>\n<\/blockquote>\nWhich is vague, but still more hopeful for fans of something like Deus Ex<\/em> than Square Enix\u2019s complete silence and neglect in recent years. The purchase is \u201cexpected to be completed during the second quarter of Embracer\u2019s financial year 22\/23″ (July-September 2022).<\/p>\nNote that Embracer spent $1.3 billion just on Gearbox<\/span>. To get all of this<\/em>, from the experienced studios to the beloved properties for $1 billion less seems…like a steal. <\/p>\nSo why sell? Square Enix\u2019s own press release says<\/span>:<\/p>\n\nThe Transaction will assist the Company in adapting to the changes underway in the global business environment by establishing a more efficient allocation of resources, which will enhance corporate value by accelerating growth in the Company\u2019s core businesses in the digital entertainment domain. In addition, the Transaction enables the launch of new businesses by moving forward with investments in fields including blockchain, AI, and the cloud.<\/p>\n<\/blockquote>\n
Imagine having to put on your CV that you sold Tomb Raider <\/em>to at least partially fund some blockchain shit. <\/p>\n<\/div>\n
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