This morning we were surprised by the news that hug group buys an essential part of the Western division of Square Enix. The Swedish holding will pay for Crystal Dynamics, Eidos Montreal and Square Enix Montreal with rights to brands such as Tomb Raider, Deus Ex, Thief and Legacy of Kain. $300 million.
Square Enix decided to sell the mentioned studios and rights to well-known brands, invest in blockchain as well as artificial intelligence and the cloud.
“The transaction will help the company adapt to the changes taking place in the global business environment through more efficient allocation of resources, which will add value to the company by accelerating the growth of the company’s core digital entertainment business.” said Square Enix.
“In addition, the transaction allows us to start new business, moving towards investments in areas such as blockchain, artificial intelligence and cloud technologies. This move is based on the business structure optimization policy set by the company as part of the medium-term business strategy presented on May 13, 2021.”
Despite the sale of major Western brands, some of them remained in Square Enix, they continue to publish franchises such as Just Cause, Outriders, and Life is Strange..
Source: Square EnixOutriders: Worldslayer brings a new campaign, additional challenges and loads of gear.
“In the future, the company’s development feature will include its studios in Japan, Square Enix External Studios, and Square Enix Collective,” we read in the press release.
Square Enix External Studios is based in London and is a group of developers and publishers that works with developers from all over the world. In the past, the unit has starred in Just Cause, Life is Strange, Sleeping Dogs, and even Batman: Arkham Asylum, although today Batman is part of Warner Bros.
The Square Enix Collective focuses more on independent games such as PowerWash Simulator, The Turing Test, Fear Effect Sedna and Boundless.
During the day we were assured that Even after the acquisition, Crystal Dynamics will collaborate on the development of Perfect Dark with Microsoft’s The Initiative.. Embracer Group does not intend to violate existing contracts and plans, because the group behaved in the same way in the case of the purchase of Gearbox, which cooperates with 2K Games on the Borderlands series.
Source :Indian TV
