Embracer Group released their financial earnings report, and aside from the expected number-crunching, an exciting statement was made regarding the recent collective purchase they made from Square Enix. You can view this quoted statement below:
After the end of the quarter, we further strengthened our development capabilities and
IP-portfolio by entering into an agreement to acquire Crystal Dynamics, Eidos Montreal
and Square Enix Montreal, including Tomb Raider, Deus Ex, Thief and Legacy of Kain
and other IPs. The announcement got an overwhelming and positive response. We see
a great potential, not only in sequels, but also in remakes, remasters, spinoffs as well
as transmedia projects across the Group. We expect the transaction to close in the
Since Square Enix was immensely silent with these IPs, hopefully, this acquisition ends up being a positive for everyone involved and we see more meaningful output from these long-neglected franchises.
Thanks to Nibellion on Twitter for sharing this significant news.
Embracer Group shared that this purchase includes an estimated 1,100 employees across the studios. The acquisition includes the new Tomb Raider game that is currently in development.
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