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{"id":4857,"date":"2022-05-02T14:38:40","date_gmt":"2022-05-02T14:38:40","guid":{"rendered":"https:\/\/scienceandnerds.com\/2022\/05\/02\/square-enix-is-selling-tomb-raider-deus-ex-and-its-western-studios\/"},"modified":"2022-05-02T14:38:41","modified_gmt":"2022-05-02T14:38:41","slug":"square-enix-is-selling-tomb-raider-deus-ex-and-its-western-studios","status":"publish","type":"post","link":"https:\/\/scienceandnerds.com\/2022\/05\/02\/square-enix-is-selling-tomb-raider-deus-ex-and-its-western-studios\/","title":{"rendered":"Square Enix is selling Tomb Raider, Deus Ex, and its Western studios"},"content":{"rendered":"

Source: https:\/\/www.theverge.com\/2022\/5\/2\/23053107\/square-enix-tomb-raider-deus-ex-studio-sale-embracer-group<\/a>
\n
<\/br><\/code><\/p>\n

\n

Square Enix is selling off its three major Western game studios along with the associated video game properties \u2014 which includes big names like Tomb Raider<\/em>, Deus Ex<\/em>, and Thief<\/em>. The studios and properties are set to be acquired by Embracer Group<\/a> for an estimated $300 million; following regulatory approvals, the acquisition is set to be finalized between July and September of this year.<\/p>\n

In total, Embracer is acquiring Crystal Dynamics, Eidos-Montreal, and Square Enix Montreal, which amounts to \u201c1,100 employees across three studios and eight global locations.\u201d In terms of game properties, the company will be the steward of brands including Tomb Raider, Deus Ex, Thief<\/em>, and Legacy of Kain<\/em>, \u201calong with continued sales and operations of the studios\u2019 more than 50 back-catalogue games,\u201d according to Embracer. Among other games already in development, Crystal Dynamics recently announced that it\u2019s working on a new Tomb Raider<\/em> title<\/a>.<\/p>\n

Embracer is a quietly huge publishing group, which operates more than 100 studios including the likes of Borderlands<\/em> developer Gearbox, Saber Interactive, and THQ Nordic. It also owns comics and entertainment brand Dark Horse. Embracer says that, when the deal with Square Enix closes, it will have a total of 124 internal studios and 14,000 employees.<\/p>\n

\u201dWe are thrilled to welcome these studios into the Embracer Group,\u201d co-founder and CEO Lars Wingefors said in a statement. \u201cWe 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<\/p>\n

Square Enix originally began its move into Western game development in 2009 with its acquisition of Eidos Interactive, during which time it oversaw new Hitman<\/em>, Tomb Raider<\/em>, and Deus Ex<\/em> releases along with an expansion into original Marvel games. In 2017, Hitman<\/em> developer IO Interactive split from Square Enix to become an independent studio<\/a>. Despite the deal, Square Enix isn\u2019t completely out of the Western scene; the company noted<\/a> it will still publish Just Cause<\/em>, Life is Strange<\/em> and Outriders<\/em> games.<\/p>\n

The news comes during a particularly busy time for video game acquisitions. Sony is buying Destiny<\/em> developer Bungie for $3.6 billion<\/a>, Take-Two spent $12.7 billion for FarmVille<\/em> maker Zynga<\/a>, and, in the biggest deal yet, Microsoft is set to acquire Activision Blizzard for nearly $69 billion<\/a>.<\/p>\n<\/div>\n


<\/br><\/code><\/p>\n

Source: https:\/\/www.theverge.com\/2022\/5\/2\/23053107\/square-enix-tomb-raider-deus-ex-studio-sale-embracer-group<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Source: Square Enix is selling off its three major Western game studios along with the associated video game properties \u2014 which includes big names like Tomb Raider, Deus Ex, and Thief. The studios and properties are set to be acquired by Embracer Group for an estimated $300 million; following regulatory approvals, the acquisition is set […]<\/p>\n","protected":false},"author":1,"featured_media":4858,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"pagelayer_contact_templates":[],"_pagelayer_content":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12,8],"tags":[13],"class_list":["post-4857","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gaming","category-technology","tag-gaming"],"yoast_head":"\nSquare Enix is selling Tomb Raider, Deus Ex, and its Western studios - Science and Nerds<\/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:\/\/scienceandnerds.com\/2022\/05\/02\/square-enix-is-selling-tomb-raider-deus-ex-and-its-western-studios\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Square Enix is selling Tomb Raider, Deus Ex, and its Western studios - Science and Nerds\" \/>\n<meta property=\"og:description\" content=\"Source: Square Enix is selling off its three major Western game studios along with the associated video game properties \u2014 which includes big names like Tomb Raider, Deus Ex, and Thief. 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