Embracer Group

2022 - 5 - 2

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Image courtesy of "Video Games Chronicle"

Embracer Group to buy Crystal Dynamics, Eidos Montreal and IPs ... (Video Games Chronicle)

Tomb Raider; Deus Ex; Thief; Legacy of Kain. It will also include “more than 50 back catalogue games” from Square Enix. This will also potentially include ...

Wingefors reportedly told the Financial Times last month that he plans to make a number of acquisitions in the coming months and years. “It is the perfect fit for our ambitions: make high-quality games, with great people, sustainably, and grow our existing franchises to their best versions ever. In a separate statement, Square Enix America and Europe CEO Phil Rogers said: “Embracer is the best kept secret in gaming: a massive, decentralized collection of entrepreneurs whom we are thrilled to become a part of today. It added: “Going forward, the Company’s development function will comprise its studios in Japan, Square Enix External Studios, and Square Enix Collective. The Company’s overseas studios will continue to publish franchises such as Just Cause, Outriders and Life is Strange”. In a press release Square Enix said the deal “enables the launch of new businesses by moving forward with investments in fields including blockchain, AI, and the cloud”. According to Embracer, the total purchase price will be $300 million, “on a cash and debt free basis, to be paid in full at closing”. The deal is expected to close in the second quarter of this financial year (between July and September 2022).

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Image courtesy of "Hollywood Reporter"

Embracer Group Buys Games Studios, 'Tomb Raider' IP for $300M (Hollywood Reporter)

Swedish gamesmaker Embracer Group is acquiring Japan's Crystal Dynamics, Eidos Montreal, Square Enix Montreal and other gaming IP 'Deus Ex, ...

Embracer added the acquisitions to boost its production capacity as demand for gaming products grows. And Square Enix Montreal has studios in Montreal and London. The deal will raise Embracer Group’s profile in North America as its content pipeline grows to over 230 games. Sweden-based Embracer Group has acquired the video games development studios Crystal Dynamics, Eidos-Montreal and Square Enix Montreal for $300 million in cash and debt.

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Image courtesy of "PC Gamer"

Embracer Group to acquire Crystal Dynamics, Eidos-Montréal, and ... (PC Gamer)

Three of Square Enix's development studios will be acquired by holding company Embracer Group in a $300 million deal, as Embracer has announced in a press ...

Phil Rogers, CEO of Square Enix America and Europe, was quoted as saying, "Embracer is the best kept secret in gaming: a massive, decentralized collection of entrepreneurs whom we are thrilled to become a part of today." Square Enix put out its own press release about the deal, noting that its remaining overseas studios will continue to publish any future games in the Just Cause, Outriders, and Life is Strange series. It's been on an acquisition spree since then, snapping up Saber Interactive, Gearbox, Aspyr Media, 3D Realms, Ghost Ship Games, Slipgate Ironworks, Perfect World (and its MMO-developing arm Cryptic Studios), Beamdog, and Dark Horse Media, among others.

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Image courtesy of "My Nintendo News"

Embracer Group acquiring Crystal Dynamics, Eidos-Montréal ... (My Nintendo News)

Embracer Group is making significant moves to become the next big AAA gaming studio as it has announced today that it has entered into an agreement to ...

The company has said in a statement published today on their official site that “The total purchase price amounts to USD 300 million on a cash and debt free basis, to be paid in full at closing. Embracer allows us to forge new partnerships across all media to maximize our franchises’ potential and live our dreams of making extraordinary entertainment.”Phil Rogers, Square Enix America and Europe CEO. Embracer has secured additional long-term debt funding commitments for this and other transactions in the pipeline.”

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Image courtesy of "Nintendo Life"

Embracer Group To Acquire Crystal Dynamics, Square Enix ... (Nintendo Life)

Squeenix deal includes Tomb Raider, Deus Ex and 50+ games - Embracer Group, the Swedish video game holding company and par...

After closing this transaction, the US will be Embracer’s #1 country by number of game developers and Canada will be #2. In total, post pending closings, Embracer will have more than 14,000 employees, 10,000 engaged game developers, and 124 internal studios. The Japanese company also says that it "will continue to publish franchises such as Just Cause, Outriders, and Life is Strange". The acquisition will include over 1,100 employees across the three studios, with the total purchase price totalling $300 million.

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Image courtesy of "IGN"

Embracer Group Enters Agreement to Acquire Eidos, Crystal ... (IGN)

Embracer Group has entered into an agreement to acquire Crystal Dynamics, Eidos-Montréal, Square Enix Montréal, and a "catalogue of IPs including Tomb ...

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,” says Lars Wingefors, Co-founder and Group CEO, Embracer Group. This news comes shortly after Crystal Dynamics announced it was developing a brand-new Tomb Raider game on Unreal Engine 5. It is the perfect fit for our ambitions: make high-quality games, with great people, sustainably, and grow our existing franchises to their best versions ever.

Embracer Group enters into an agreement to acquire Eidos, Crystal ... (PR Newswire UK)

PRNewswire/ -- Embracer Group AB ("Embracer") has entered into an agreement to acquire the development studios Crystal Dynamics, Eidos-Montréal, ...

The studio is uniquely talented in creating mobile experiences based on traditionally PC/Console IPs such as Hitman, Tomb Raider, and Deus Ex. The studio will continue to develop and operate memorable mobile games based on AAA IP. Embracer expects significant net sales and operational EBIT contribution once the new slate of AAA pipeline titles releases. If net debt temporarily exceeds 1.0x net debt to operational EBIT on a forward 12 months basis, our intent is to return to below 1.0x net debt to operational EBIT over the medium term. After closing this transaction, the US will be Embracer's #1 country by number of game developers and Canada will be #2. In total, post pending closings, Embracer will have more than 14,000 employees, 10,000 engaged game developers, and 124 internal studios. The acquisition also includes the continued sales and operations of the studios' more than 50 back-catalogue games. The studio is led by David Anfossi, who has 26 years of industry experience. The acquisition builds on Embracer's mission of creating a leading independent global gaming and entertainment ecosystem. Embracer has been particularly impressed by the studios' rich portfolio of original IP, housing brands with proven global potential such as Tomb Raider and Deus Ex, as well as demonstrating the ability to create AAA games with large and growing fan bases. The total purchase price amounts to USD 300 million on a cash and debt free basis, to be paid in full at closing. 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," says Lars Wingefors, Co-founder and Group CEO, Embracer Group. The acquisition brings a compelling pipeline of new installments from beloved franchises and original IPs, including a new Tomb Raider game. It is the perfect fit for our ambitions: make high-quality games, with great people, sustainably, and grow our existing franchises to their best versions ever.

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Image courtesy of "Den of Geek"

Every Square Enix Franchise Now Owned by Embracer Group | Den ... (Den of Geek)

Square Enix started May off with a bang by announcing that the company sold Crystal Dynamics and Eidos Interactive, as well as those studios' respective ...

All in all, Square Enix is primarily selling Embracer Group the keys to older franchises that have been collecting dust. The same also probably applies to other, unlisted Western-developed Square Enix titles such as Sleeping Dogs. Of course, this transaction raises obvious questions about what games Embracer Group actually gets out of the deal.

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