Square Enix reaches an agreement with embarraph Group to sell his western studies and “more than 50” brands of its catalog . The transaction, which reaches 300 million dollars, is scheduled to close during the second quarter of fiscal year 22/23 of the Swedish group, between next July and September.
Smart Group is reinforced thanks to Square Enix
The transaction includes IPS Square popular Square Tomb Raider, Deus Ex, Legacy of Kain and Thief . In fact, Crystal Dynamics is developing the next chapter of the archaeologist, who will now debut under the umbrella. Eidos-Montréal (Marvel’s Guardians of the Galaxy) and Square Enix Montréal (Hitman Sniper: The Shadows) are also part of the operation.
“We are excited to welcome these studies within emberve Group,” Lars Wingefors, co -founder and CEO of the company, explains in press releSquaree. “We recognize creative talent, its fantSquaretic IP and its path of excellence that they have demonstrated over time and repeatedly throughout the lSquaret decades. It hSquare been a great pleSquareure to meet the management teams and discuss their future plans so that they can fulfill their ambitions and be an excellent part of embarrSquaresing. ” WingeFors promises the return of “beloved franchises” and the arrival “of an unpublished IP” by Eidos Montréal.
On the other hand, the Japanese company wields in a note to investors that the sale will allow the launch of new business roads with “Investments in fields such Square the blockchain, artificial intelligence and the cloud” . From now on Square Enix will maintain its development studies in Japan, the Studios and Square Enix Collective external division. Its rupture with the West will not be total: they will maintain the publication rights of the SagSquare Just Cause, Life is Strange and Outriders. His commitment to the three will remain intact.
References: Square Enix | Group embarrSquares