<svg width="110" height="18" fill="none" xmlns="http://www.w3.org/2000/svg"><g clip-path="url(#a)" fill="#000"><path d="M79.42 9.335c0-.484.523-.672 1.085-.672.908 0 1.769.282 1.769.282V7.628c-.59-.174-1.193-.241-1.89-.241-1.528 0-2.6.725-2.6 1.908 0 2.299 3.162 1.708 3.162 2.823 0 .551-.495.7-1.218.7-.51 0-1.327-.2-1.916-.406v1.304c.49.195 1.18.378 1.862.378 1.487 0 2.907-.444 2.907-2.043 0-2.218-3.162-1.64-3.162-2.715l.001-.001Zm8.337 1.345c0-1.491.817-2.003 1.783-2.003.643 0 1.32.19 1.774.364V7.696c-.536-.174-1.01-.31-1.802-.31-2.104 0-3.404 1.291-3.404 3.375 0 1.975.938 3.333 3.31 3.333.75 0 1.333-.148 1.976-.364v-1.317c-.723.282-1.279.39-1.775.39-1.044 0-1.862-.484-1.862-2.124v.001ZM42.273 8.596h-.054V7.548h-1.474v6.384h1.581v-3.804c.496-.94 1.099-1.25 2.105-1.25h.16V7.494s-.227-.027-.428-.027c-.858 0-1.448.336-1.89 1.13Zm19.837 0h-.053V7.548h-1.474v6.384h1.58v-3.804c.497-.94 1.1-1.25 2.105-1.25h.16V7.494s-.227-.027-.428-.027c-.857 0-1.447.336-1.889 1.13Zm45.76-1.21c-.682 0-1.46.377-2.171.848l-.187.12c-.335-.712-1.005-.967-1.742-.967-.683 0-1.461.35-2.171.82v-.66h-1.501v6.385h1.594V9.35c.59-.39 1.219-.632 1.676-.632.523 0 .844.282.844 1.183v4.032h1.581v-4.57c.59-.39 1.219-.645 1.676-.645.523 0 .845.282.845 1.183v4.032h1.581V9.524c0-1.237-.738-2.137-2.024-2.137h-.001Zm-12.262 5.431c-1.032 0-1.58-.671-1.58-2.07 0-1.398.548-2.07 1.58-2.07s1.568.673 1.568 2.07c0 1.398-.536 2.07-1.568 2.07Zm0-5.43c-2.184 0-3.216 1.411-3.216 3.36 0 1.95 1.032 3.347 3.216 3.347s3.216-1.399 3.216-3.347-1.045-3.36-3.216-3.36ZM73.664 9.336c0-.484.523-.672 1.086-.672.907 0 1.768.282 1.768.282V7.63c-.59-.174-1.193-.241-1.889-.241-1.527 0-2.6.725-2.6 1.908 0 2.299 3.163 1.708 3.163 2.823 0 .551-.496.7-1.22.7-.508 0-1.325-.2-1.915-.406v1.304c.491.195 1.178.378 1.862.378 1.487 0 2.908-.444 2.908-2.043 0-2.218-3.163-1.64-3.163-2.715v-.001Zm-6.86.7c.094-.887.576-1.452 1.366-1.452.845 0 1.099.673 1.099 1.452h-2.466Zm1.38-2.648c-2.037 0-3.096 1.586-3.096 3.32 0 2.38 1.245 3.387 3.267 3.387.817 0 1.523-.109 2.347-.363v-1.32c-.664.244-1.263.391-1.905.391-1.178 0-1.967-.323-2.008-1.72h4.074c.027-.256.054-.497.054-.94 0-1.345-.71-2.756-2.734-2.756ZM56.3 9.483h-1.254V6.257H56.3c1.019 0 1.527.564 1.527 1.573s-.469 1.653-1.527 1.653Zm-.013-4.556h-2.928v9.004h1.688V10.8h1.24c1.916 0 3.31-1.035 3.31-2.97 0-1.935-1.394-2.903-3.31-2.903ZM49.82 12.09c-.51.47-.992.725-1.5.725-.871 0-1.435-.578-1.435-1.935 0-1.465.697-2.231 1.903-2.231.375 0 .764.094 1.032.202v3.239Zm0-4.557c-.47-.094-.805-.149-1.193-.149-2.184 0-3.377 1.466-3.377 3.603 0 2.137 1.193 3.105 2.6 3.105.697 0 1.54-.323 2.05-.753v.591h1.5V4.926h-1.58v2.608Zm-13.565 5.282c-1.031 0-1.58-.671-1.58-2.07 0-1.398.549-2.07 1.58-2.07 1.032 0 1.569.673 1.569 2.07 0 1.397-.537 2.07-1.569 2.07Zm0-5.43c-2.184 0-3.216 1.41-3.216 3.36s1.032 3.347 3.216 3.347c2.185 0 3.216-1.399 3.216-3.347s-1.044-3.36-3.215-3.36Zm47.372 6.545h1.587v-1.64h-1.587v1.64ZM31.608 4.926 29.82 11.82 28.03 4.926h-1.805l.42 1.477-1.575 5.65-1.712-7.128H21.62l2.441 9.005h1.892l1.462-4.815 1.37 4.815h1.892l2.563-9.005h-1.634.001ZM8.973 0C4.025 0 0 4.037 0 9s4.025 9 8.973 9 8.973-4.038 8.973-9-4.026-9-8.973-9ZM.906 9c0-1.173.25-2.287.698-3.293l3.849 10.575A8.095 8.095 0 0 1 .906 9Zm8.067 8.092a8.052 8.052 0 0 1-2.28-.329l2.42-7.055 2.48 6.814c.017.04.037.076.059.112a8.02 8.02 0 0 1-2.68.458Zm1.111-11.885a16 16 0 0 0 .924-.077c.435-.052.383-.693-.051-.667 0 0-1.307.103-2.15.103-.793 0-2.126-.103-2.126-.103-.435-.026-.485.64-.051.667 0 0 .411.052.846.077L8.733 8.66l-1.766 5.311L4.03 5.206c.486-.026.924-.077.924-.077.434-.052.383-.693-.052-.667 0 0-1.306.103-2.15.103-.151 0-.33-.004-.519-.01A8.049 8.049 0 0 1 14.42 3.033c-.035-.003-.069-.007-.105-.007-.792 0-1.355.693-1.355 1.436 0 .667.384 1.231.792 1.897.307.54.666 1.232.666 2.232 0 .692-.266 1.496-.614 2.615l-.806 2.697-2.915-8.698.002.002Zm5.967-.088a8.077 8.077 0 0 1 .989 3.882 8.09 8.09 0 0 1-4.012 6.994l2.464-7.146c.461-1.155.614-2.078.614-2.9 0-.297-.02-.573-.055-.831v.001Z"/></g><defs><clipPath id="a"><path fill="#fff" d="M0 0h109.895v18H0z"/></clipPath></defs></svg>{"id":17156,"date":"2022-05-09T19:46:24","date_gmt":"2022-05-09T23:46:24","guid":{"rendered":"https:\/\/pley2win.com\/popular\/embracer-pays-300-million-for-western-square-enix-studios-including-tomb-raider-deus-ex-thief-legacy-of-kain-50-more-ips\/"},"modified":"2022-05-09T19:46:24","modified_gmt":"2022-05-09T23:46:24","slug":"embracer-pays-300-million-for-western-square-enix-studios-including-tomb-raider-deus-ex-thief-legacy-of-kain-50-more-ips","status":"publish","type":"post","link":"https:\/\/pley2win.com\/?p=17156","title":{"rendered":"Embracer Pays $300 Million for Western Square Enix Studios Including Tomb Raider, Deus Ex, Thief, Legacy of Kain &#038; 50 More IPs!"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p id=\"breadcrumbs\"><span><span>Home \u00bb <span>News \u00bb <span class=\"breadcrumb_last\" aria-current=\"page\">Embracer Pays $300 Million for Western Square Enix Studios Including Tomb Raider, Deus Ex, Thief, Legacy of Kain &amp; 50 More IPs!<\/span><\/span><\/span><\/span><\/p>\n<div class=\"aImage\"><img decoding=\"async\" width=\"646\" height=\"325\" src=\"https:\/\/cdn.videogamesblogger.com\/wp-content\/uploads\/2022\/05\/embracer-pays-300-million-for-western-square-enix-studios-646x325.jpg\" class=\"attachment-main-list-image size-main-list-image wp-post-image\" alt=\"Embracer Pays $300 Million for Western Square Enix Studios\" loading=\"lazy\" srcset=\"https:\/\/cdn.videogamesblogger.com\/wp-content\/uploads\/2022\/05\/embracer-pays-300-million-for-western-square-enix-studios-646x325.jpg 646w, https:\/\/cdn.videogamesblogger.com\/wp-content\/uploads\/2022\/05\/embracer-pays-300-million-for-western-square-enix-studios-150x76.jpg 150w\" sizes=\"auto, (max-width: 646px) 100vw, 646px\" \/><\/div>\n<p><strong>Embracer Group AB (\u201dEmbracer\u201d) has entered into an agreement to acquire the development studios Crystal Dynamics, Eidos-Montr\u00e9al, Square Enix Montr\u00e9al, and a catalogue of IPs including\u00a0<em>Tomb Raider, Deus Ex, Thief, Legacy of Kain<\/em>\u00a0and more than 50 back-catalogue games from Square Enix Holdings Co., Ltd. (\u201cSquare Enix Holdings\u201d).<\/strong><\/p>\n<p><strong>In total, the acquisition includes ~1,100 employees across three studios and eight global locations. The total purchase price amounts to USD 300 million on a cash and debt free basis, to be paid in full at closing. Embracer has secured additional long-term debt funding commitments for this and other transactions in the pipeline. The company today reiterates its current Operational EBIT forecast for FY 21\/22, FY 22\/23, and FY 23\/24. The transaction is subject to various regulatory and other external approvals and is expected to close during the second quarter of Embracer\u2019s financial year 22\/23 (July-September 2022).<\/strong><\/p>\n<p>\t\t\t\t\t<!-- START OF AD CODE --><\/p>\n<p>\t\t\t\t\t<!-- END OF AD CODE --><\/p>\n<p><em>\u201dWe are thrilled to welcome these studios into the Embracer Group. We recognize the fantastic IP, 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,\u201d says Lars Wingefors, Co-founder and Group CEO, Embracer Group<\/em>.<\/p>\n<p><em>\u201dEmbracer 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\u2019 potential and live our dreams of making extraordinary entertainment,\u201d says Phil Rogers, Square Enix America and Europe CEO<\/em>.<\/p>\n<p>\t\t\t\t\t<!-- END OF AD CODE --><\/p>\n<p><strong>Webcast<\/strong><\/p>\n<p>Embracer held a webcast presentation for investors, analysts and media to give more details. Here\u2019s a timeline for the hour-long webcast\u2026<\/p>\n<ul>\n<li>[00:01:30] \u2014 Lars Wingefors \u2013 CEO &amp; Co-founder Embracer Group<\/li>\n<li>[00:08:15] \u2014 Phil Rogers \u2013 CEO Square Enix America &amp; Europe<\/li>\n<li>[00:10:30] \u2014 Scott Amos \u2013 Studio Head \u2013 Crystal Dynamics<\/li>\n<li>[00:14:45] \u2014 David Anfossi \u2013 Studio Head \u2013 Eidos Montreal<\/li>\n<li>[00:20:08] \u2014 Patrick Naud \u2013 Studio Head \u2013 Square Enix Montreal<\/li>\n<li>[00:22:25] \u2014 Lars Wingefors \u2013 CEO &amp; Co-founder Embracer Group<\/li>\n<li>[00:33:14] \u2014 Q&amp;A<\/li>\n<\/ul>\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\">\n<p>\n<span class=\"embed-youtube\" style=\"text-align:center; display: block;\"><\/p>\n<div class=\"jeg_video_container jeg_video_content\"><iframe loading=\"lazy\" title=\"Embracer Group enters into an agreement to acquire Eidos, Crystal Dynamics, and Square Enix Montr\u00e9al\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/1TiG0Adh-fM?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/div>\n<p><\/span>\n<\/p><figcaption>Embracer Group enters into an agreement to acquire Eidos, Crystal Dynamics, and Square Enix Montr\u00e9al<\/figcaption><\/figure>\n<p><strong>Background and rationale<\/strong><\/p>\n<p>The collection of studios represents a world-class creative team of ~1,100 employees across three studios and eight global locations, including two of the most reputable AAA studios across the industry in Crystal Dynamics and Eidos Montr\u00e9al. The studios possess a unique ability to deliver blockbuster hits decade after decade. The acquisition brings a compelling pipeline of new installments from beloved franchises and original IPs, including a new\u00a0<em>Tomb Raider<\/em>\u00a0game. 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\u00a0<em>Tomb Raider\u00a0<\/em>and\u00a0<em>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<p>The portfolio of IP consists of iconic franchises appreciated by critics and players alike. For example, two original IPs,\u00a0<em>Tomb Raider<\/em>\u00a0and\u00a0<em>Deus Ex<\/em>, have sold AAA units of ~88M and ~12M, respectively. Embracer sees an opportunity to invest in these franchises, as well as the additional acquired IPs such as\u00a0<em>Legacy of Kain<\/em>,\u00a0<em>Thief<\/em>, and other original franchises. The acquisition also includes the continued sales and operations of the studios\u2019 more than 50 back-catalogue games.<\/p>\n<p>Founded in 1992, Crystal Dynamics consists of almost 300 employees across San Mateo, CA; Bellevue, WA; and Austin, TX. The studio is committed to creating narrative-focused AAA action-adventure games and is led by 30+ year veteran Scot Amos. Prior AAA releases from the studio include\u00a0<em>Rise of the Tomb Raider\u00a0<\/em>and\u00a0<em>Legacy of Kain Defiance<\/em>. Crystal Dynamics is actively working on several AAA projects, including the next mainline\u00a0<em>Tomb Raider<\/em>\u00a0game that will deliver next-generation storytelling and gameplay experiences.<\/p>\n<p>Founded in 2007, Eidos Montr\u00e9al consists of almost 500[1]\u00a0employees across Montr\u00e9al, Canada; Sherbrooke, Canada; and Shanghai, China. The studio focuses on creating memorable AAA experiences focused on unique stories and strong characters within the action-adventure and RPG genres. The studio is led by David Anfossi, who has 26 years of industry experience. Prior AAA releases include\u00a0<em>Thief 4<\/em>,\u00a0<em>Deus Ex Human Revolution<\/em>,\u00a0<em>and Shadow of the Tomb Raider<\/em>. The studio is working on a host of AAA projects including both new releases from beloved franchises and original IP.<\/p>\n<p>Founded in 2011, Square Enix Montr\u00e9al consists of almost 150 employees across Montr\u00e9al, Canada and London, UK. The studio focuses on building mobile games that players will want to return to for years to come. The studio is led by Patrick Naud, who has 24 years of industry experience. The studio is uniquely talented in creating mobile experiences based on traditionally PC\/Console IPs such as\u00a0<em>Hitman<\/em>,\u00a0<em>Tomb Raider,<\/em>\u00a0and\u00a0<em>Deus Ex<\/em>. The studio will continue to develop and operate memorable mobile games based on AAA IP.<\/p>\n<p>After closing this transaction, the US will be Embracer\u2019s #1 country by number of game developers and Canada will be #2. In total, post pending closings, Embracer will have more than 14,000 employees, 10,000 engaged game developers, and 124 internal studios. Embracer\u2019s upcoming content pipeline includes more than 230 games with more than 30 AAA games. This acquisition will bring additional scale to Embracer\u2019s current AAA segment, and Embracer will have one of the largest pipelines of PC\/Console games content across the industry, across all genres. As Embracer\u2019s\u00a0pipeline matures, this will be a key driver for organic growth in net sales, operational EBIT, and free cash flow.<\/p>\n<p>Currently, Embracer\u2019s development resources are fully utilized either by ongoing internal development projects or by projects financed by external publishers. Embracer\u2019s teams dedicated to work-for-hire services to external studios and publishers are also fully utilized across all territories. The lack of available resources in the industry and demand for these services exceeds our available capacity. Through this acquisition, Embracer will augment its development capabilities specifically within the AAA segment, which will provide opportunities to accelerate organic growth.<\/p>\n<p>Embracer believes there will be an increasingly strong demand for high-quality content, including AAA single-player games, over the decade. We aim to continue working with leading platforms and license holders and to form deeper strategic relationships with a handful of leading companies in the industry. Furthermore, synergies across Embracer\u2019s ecosystem benefit our people and companies. Our approach is that quality comes first in games development, which is why we believe our decentralized operating model of empowering management teams while facilitating synergies positions Embracer for sustainable long-term success.<\/p>\n<p><strong>Financial outlook for the acquired companies<\/strong><\/p>\n<p>Embracer has conducted customary due diligence as part of our M&amp;A execution process both with external and internal teams including a more extensive commercial due diligence to fully understand the acquired businesses. We firmly believe that the studios will excel under Embracer\u2019s operating model and ownership.<\/p>\n<p>Embracer expects significant net sales and operational EBIT contribution once the new slate of AAA pipeline titles releases. Embracer\u2019s base case financial plan implies that the combined acquired companies will be breakeven or have a smaller Operational EBIT contribution to the upcoming two financial years driven mainly by sales of the back-catalogue titles. This could change positively if the company decides to enter a deeper strategic relationship with one or more platforms around the upcoming pipeline. When the product pipeline matures in the years thereafter, Embracer expects the acquired companies to generate on average at least SEK 500 million in operational EBIT per year with notable upside potential. Further details around financials will be communicated at a later stage post-closing.<\/p>\n<p><strong>Financing and current trading<\/strong><\/p>\n<ul>\n<li>Embracer has secured additional long-term debt funding commitments of SEK 4.0 billion and extended one existing loan of SEK 6.0 billion with our Nordic relationship banks Nordea, SEB, and Swedbank.<\/li>\n<li>The additional bank funding commitment will finance our current M&amp;A pipeline, including today\u2019s transaction.<\/li>\n<li>With the inclusion of the new facility, we estimate to have more than SEK 10.0 billion in available cash and credit facilities by today\u2019s date.<\/li>\n<li>We estimate current average net interest cost across the group is expected to be approximately 1.0% including the new facility.<\/li>\n<li>Under the new terms, Embracer does not hold any short-term debt on the balance sheet. We do not have any debt that expires before 30 June 2023.<\/li>\n<li>Embracer expects strong growth in free cash flow during FY22\/23 and the years beyond. We remain committed to delivering on our financial leverage target. If net debt temporarily exceeds 1.0x net debt to operational EBIT on a forward 12 months basis, our intent is to return to below 1.0x net debt to operational EBIT over the medium term.<\/li>\n<li>Current trading: The company today reiterates its current forecast (last dated February 17, 2022) of operational EBIT for FY21\/22,\u00a0FY22\/23, and FY23\/24.<\/li>\n<\/ul>\n<p><strong>Purchase price<\/strong><\/p>\n<p>The total purchase price amounts to USD 300 million on a cash and debt free basis, to be paid in full at closing.<\/p>\n<p><strong>Completion of the transaction<\/strong><\/p>\n<p>The transaction is subject to various regulatory and other external approvals. It is expected to be completed during the second quarter of Embracer\u2019s financial year 22\/23 (July-September 2022).<\/p>\n<p><strong>Why Square Enix sold?<\/strong><\/p>\n<p>Square Enix sold Crystal Dynamics, Eidos, IPs &amp; more for $300 Million, because they wanted to invest in NFT &amp; Blockchain.<\/p>\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\">\n<p>\n<span class=\"embed-youtube\" style=\"text-align:center; display: block;\"><\/p>\n<div class=\"jeg_video_container jeg_video_content\"><iframe loading=\"lazy\" title=\"Square Enix Sell Crystal Dynamics, Eidos, IPs, &amp; More For $300 Million To Invest In NFT &amp; Blockchain\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/kJl-QdcErFA?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/div>\n<p><\/span>\n<\/p><figcaption>Square Enix Sold Western Studios In Order To Invest In NFTs &amp; Blockchain<\/figcaption><\/figure>\n<p><strong>How the deal went down?<\/strong><\/p>\n<p><em>This is an entirely \u201caccurate\u201d account of how the Embracer x Square Enix deal went through. Yes, $300 million really is a ridiculously cheap price for three AAA studios and 50+ IPs, as the Tomb Raider IP alone can return them that investment.<\/em><\/p>\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-4-3 wp-has-aspect-ratio\">\n<p>\n<span class=\"embed-youtube\" style=\"text-align:center; display: block;\"><\/p>\n<div class=\"jeg_video_container jeg_video_content\"><iframe loading=\"lazy\" title=\"Embracer Buys Square Enix Western Division for $300m\" width=\"500\" height=\"375\" src=\"https:\/\/www.youtube.com\/embed\/h4i3WmTQns4?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/div>\n<p><\/span>\n<\/p>\n<\/figure>\n<p><em>While of course it\u2019s exciting to see the development studios and full staff being saved by Embracer, who are known to give their developers full funding and freedom to just make great games. It\u2019s double-exciting to know we won\u2019t just get more Tomb Raider, Deus Ex and Hitman games, but them mentioning the Thief and Legacy of Kain series strongly hints at their returns. Yay!<\/em> \ud83d\ude00<\/p>\n<div class=\"tagcats\">\n<p><strong>Tags:<\/strong> Deus Ex, Hitman, Legacy of Kain, Thief, Tomb Raider<\/p>\n<p><strong>Categories:<\/strong> Industry News, Mac News, Mobile News, Movies, News, Nintendo Switch News, PC News, PS4 News, PS5 News, Videos, Xbox One News, Xbox Series X News<\/p>\n<\/p><\/div>\n<div class=\"authorboxContainer\">\n<div id=\"authorbox\">\n<div class=\"clear\">\n<h3 id=\"About-Ferry-Groenendijk\">About the author<\/h3>\n<p><img decoding=\"async\" id=\"authorbox-photo\" title=\"Ferry Groenendijk\" alt=\"Ferry Groenendijk\" src=\"https:\/\/secure.gravatar.com\/avatar\/e951a5cb537f0eeaacc03d344f73b18b?s=100&amp;d=mm&amp;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/e951a5cb537f0eeaacc03d344f73b18b?s=200&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-100 photo\" height=\"100\" width=\"100\" loading=\"lazy\" \/>\t\t\t\t<strong>By Ferry Groenendijk<\/strong>: He is the founder and editor of Video Games Blogger. He loved gaming from the moment he got a Nintendo with Super Mario Bros. on his 8th birthday. Learn more about him here and connect with him on <a href=\"https:\/\/twitter.com\/videogamesblog\">Twitter<\/a>, Facebook and at Google+.<\/p>\n<\/p><\/div>\n<div id=\"socialinks\" class=\"clear\">\n<ul>\n<li>More at \u00a0<\/li>\n<li><img decoding=\"async\" src=\"https:\/\/cdn.videogamesblogger.com\/wp-content\/plugins\/author-box-2\/images\/globe.png\" title=\"Visit Ferry Groenendijk\u2019s website\" alt=\"logo image\" \/><\/li>\n<\/ul><\/div><\/div><\/div>\n<p><\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><br \/>\n<br \/><a href=\"https:\/\/www.videogamesblogger.com\/2022\/05\/09\/embracer-pays-300-million-for-western-square-enix-studios-including-tomb-raider-deus-ex-thief-legacy-of-kain-50-more-ips.htm\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Home \u00bb News \u00bb Embracer Pays $300 Million for Western Square Enix Studios Including Tomb Raider, Deus Ex, Thief, Legacy of Kain &amp; 50 More IPs! Embracer Group AB (\u201dEmbracer\u201d) has entered into an agreement to acquire the development studios Crystal Dynamics, Eidos-Montr\u00e9al, Square Enix Montr\u00e9al, and a catalogue of IPs including\u00a0Tomb Raider, Deus Ex, [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":17157,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/cdn.videogamesblogger.com\/wp-content\/uploads\/2022\/05\/embracer-pays-300-million-for-western-square-enix-studios.jpg","fifu_image_alt":"","footnotes":""},"categories":[569],"tags":[],"class_list":["post-17156","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-popular"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Embracer Pays $300 Million for Western Square Enix Studios Including Tomb Raider, Deus Ex, Thief, Legacy of Kain &amp; 50 More IPs! - Gaming News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pley2win.com\/?p=17156\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Embracer Pays $300 Million for Western Square Enix Studios Including Tomb Raider, Deus Ex, Thief, Legacy of Kain &amp; 50 More IPs! - Gaming News\" \/>\n<meta property=\"og:description\" content=\"Home \u00bb News \u00bb Embracer Pays $300 Million for Western Square Enix Studios Including Tomb Raider, Deus Ex, Thief, Legacy of Kain &amp; 50 More IPs! Embracer Group AB (\u201dEmbracer\u201d) has entered into an agreement to acquire the development studios Crystal Dynamics, Eidos-Montr\u00e9al, Square Enix Montr\u00e9al, and a catalogue of IPs including\u00a0Tomb Raider, Deus Ex, [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/pley2win.com\/?p=17156\" \/>\n<meta property=\"og:site_name\" content=\"Gaming News\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-09T23:46:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cdn.videogamesblogger.com\/wp-content\/uploads\/2022\/05\/embracer-pays-300-million-for-western-square-enix-studios.jpg\" \/>\n<meta name=\"author\" content=\"pley2win\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/cdn.videogamesblogger.com\/wp-content\/uploads\/2022\/05\/embracer-pays-300-million-for-western-square-enix-studios.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"pley2win\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"9 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Embracer Pays $300 Million for Western Square Enix Studios Including Tomb Raider, Deus Ex, Thief, Legacy of Kain & 50 More IPs! - Gaming News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/pley2win.com\/?p=17156","og_locale":"en_US","og_type":"article","og_title":"Embracer Pays $300 Million for Western Square Enix Studios Including Tomb Raider, Deus Ex, Thief, Legacy of Kain & 50 More IPs! - Gaming News","og_description":"Home \u00bb News \u00bb Embracer Pays $300 Million for Western Square Enix Studios Including Tomb Raider, Deus Ex, Thief, Legacy of Kain &amp; 50 More IPs! Embracer Group AB (\u201dEmbracer\u201d) has entered into an agreement to acquire the development studios Crystal Dynamics, Eidos-Montr\u00e9al, Square Enix Montr\u00e9al, and a catalogue of IPs including\u00a0Tomb Raider, Deus Ex, [&hellip;]","og_url":"https:\/\/pley2win.com\/?p=17156","og_site_name":"Gaming News","article_published_time":"2022-05-09T23:46:24+00:00","og_image":[{"url":"https:\/\/cdn.videogamesblogger.com\/wp-content\/uploads\/2022\/05\/embracer-pays-300-million-for-western-square-enix-studios.jpg","type":"","width":"","height":""}],"author":"pley2win","twitter_card":"summary_large_image","twitter_image":"https:\/\/cdn.videogamesblogger.com\/wp-content\/uploads\/2022\/05\/embracer-pays-300-million-for-western-square-enix-studios.jpg","twitter_misc":{"Written by":"pley2win","Est. reading time":"9 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/pley2win.com\/?p=17156#article","isPartOf":{"@id":"https:\/\/pley2win.com\/?p=17156"},"author":{"name":"pley2win","@id":"https:\/\/pley2win.com\/#\/schema\/person\/abf11620d7b4805f5f298fb9c0a56d0d"},"headline":"Embracer Pays $300 Million for Western Square Enix Studios Including Tomb Raider, Deus Ex, Thief, Legacy of Kain &#038; 50 More IPs!","datePublished":"2022-05-09T23:46:24+00:00","mainEntityOfPage":{"@id":"https:\/\/pley2win.com\/?p=17156"},"wordCount":1859,"commentCount":0,"publisher":{"@id":"https:\/\/pley2win.com\/#\/schema\/person\/abf11620d7b4805f5f298fb9c0a56d0d"},"image":{"@id":"https:\/\/pley2win.com\/?p=17156#primaryimage"},"thumbnailUrl":"https:\/\/cdn.videogamesblogger.com\/wp-content\/uploads\/2022\/05\/embracer-pays-300-million-for-western-square-enix-studios.jpg","articleSection":["Popular"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/pley2win.com\/?p=17156#respond"]}]},{"@type":"WebPage","@id":"https:\/\/pley2win.com\/?p=17156","url":"https:\/\/pley2win.com\/?p=17156","name":"Embracer Pays $300 Million for Western Square Enix Studios Including Tomb Raider, Deus Ex, Thief, Legacy of Kain & 50 More IPs! 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