This Monday it became known Embracer Group has agreed to acquire studios Square Enix Montréal, Crystal Dynamics and Eidosand Tomb Raider, Deus Ex, Thief, Legacy of Kain, and more than 50 Square Enix Holdings Co. An IP catalog containing the catalog game.
As detailed in a statement, the acquisition includes approximately 1,100 employees across three studios and eight global locations.
“The total purchase price is $300 million in cash and debt-free and will be fully paid at closing. Embracer has provided additional long-term debt financing commitments for this and other pending transactions,” the statement said.
“The Embracer Group is the parent company of entrepreneur-led companies in PC, console, mobile and tabletop gaming and other related media.” This is how the buyers of these three famous developers are identified on their websites.
Formerly known as THQ Nordic AB, this company has an extensive catalog of more than 850 owned or controlled dealers.Including Saints Row, Goat Simulator, Dead Island, Darksiders, Metro, MX vs ATV, Kingdoms of Amalur, TimeSplitters, Satisfactory, Wreckfest, Insurgency, World War Z and Borderlands.
The group has 119 in-house game development studios and more than 12,500 contract employees in more than 40 countries.
Source: Exame
I am Bret Jackson, a professional journalist and author for Gadget Onus, where I specialize in writing about the gaming industry. With over 6 years of experience in my field, I have built up an extensive portfolio that ranges from reviews to interviews with top figures within the industry. My work has been featured on various news sites, providing readers with insightful analysis regarding the current state of gaming culture.
