Embracer Completes Purchase of Square Enix Western Studios

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hug group boasted the completion of the deal to acquire Western studios Square Enix. Teams Crystal dynamics, Eidos Montreal as well as Square Enix Montreal they will form the company’s 12th operating group. At the moment, her name is not disclosed.

He leads a new operations group Phil Rogersafter nine years as CEO of Square Enix’s European and US divisions, he left just this month.

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The acquisition of these three studios was announced in May of this year, paid for by the Embracer Group. $300 millionand in addition to the developers acquired well-known brands of video games, including tomb Raider, god out, Thief or Cain’s Legacy.

As you know, Crystal Dynamics is working on the next Tomb Raider and helping Microsoft’s The Initiative with the development of Perfect Dark. A new brand is reportedly being created at Eidos Montréal. Embracer recently announced that Eidos Montréal and Crystal Dynamics will be working on large-scale AAA projects based on popular franchises and original brands. In addition to new games, Embracer also wants remakes, remasters and spin-offs based on newly acquired brands.

Meanwhile, Embracer Group bought Middle-earth Enterprises with the film rights to The Lord of the Rings and The Hobbit. Also authors of Maneater and Killing Floor games by Tripwire Interactive and other companies.

Source :Indian TV

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