Apparently Square Enix didn’t know what to do with their Tomb Raider, Deus Ex and Thief IPs, or development studios Eidos, Crystal Dynamic, Eidos-Montr?al and Square Enix Montr?al, so they are in the process of selling them off to Embracer Group, which already own THQ Nordic, Koch Media/Deep Silver, Coffee Stain AB, Saber Interactive, DECA Games, Gearbox Entertainment and quite a few IPs and back catalog releases.
The deal is not yet final and is slated to cost about $300 million in total, so make sure to check back for any updates.
Embracer Group AB (?Embracer?) has entered into an agreement to acquire the development studios Crystal Dynamics, Eidos-Montr?al, Square Enix Montr?al, and a catalogue of IPs including Tomb Raider, Deus Ex, Thief, Legacy of Kain and more than 50 back-catalogue games from SQUARE ENIX HOLDINGS CO., LTD. (?Square Enix Holdings?). 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?s financial year 22/23 (July-September 2022).
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