Sq. Enix promote Tomb Raider, Deux Ex and a number of other studios to Embracer Staff

Sq. Enix are to promote maximum in their Western studios and highbrow assets similar to Tomb Raider, Deux Ex, Thief and Legacy Of Kain to Sweden’s Embracer Staff for $300 million (£240 million) in money, it’s been announced. The studios being offered to Embracer come with Crystal Dynamics, Eidos-Montréal and Sq. Enix Montréal, however no longer the UK-based Sq. Enix Collective. This implies Sq. will retain publishing rights to IP together with Existence Is Unusual, Simply Reason and Outriders.

The deal transfers round 1,100 personnel to Embracer and greater than 50 ‘back-catalogue’ video games. It’s anticipated to conclude someday between July and September, in the second one quarter of Embracer’s present monetary 12 months, matter to regulatory approvals. Embracer held an hour-long livestream to element the announcement, which you’ll watch in complete here. In comparison to Microsoft’s billion-dollar buying splurge in recent times, Embracer have landed those AAA studios for inexpensive – they’re simplest paying the identical of 960,000,000 Freddos.

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