In case you have lost it, Square Enix and embarrass Group today announced that the two signed an agreement for embarraphous Group to acquire Crystal Dynamics, Eidos-Montreal, Square Enix Montreal and a lot of intellectual property such as Tomb Raider and Deus Ex.. The agreement for $ 300 million is expected to be closed between July and September 2022. Square Enix, on the other hand, explained that the purpose of the sale to embarrack Group is due to a series of factors, but that significantly helps the Company with «the launch of new businesses by advancing with investments in fields that include blockchain, AI and the cloud».
«The transaction will help the company adapt to the changes in progress in the global commercial environment through the establishment of a more efficient resources allocation, which will improve corporate value by accelerating the growth of the company’s main businesses in the field of digital entertainment, ”the note to Square Enix investors on the sale reads in part. “In addition, the transaction allows the launch of new businesses by advancing with investments in fields that include blockchain, AI and the cloud.”
“The transaction will also provide the opportunity to better align our publication function abroad with our organization in Tokyo,” continues the justification of Square Enix, “review the current government structure and associated reports lines, and advance management Integrated by the group with the objective of maximizing the income generated by future titles launched by group studies in Japan and abroad ».
Group embarrack, meanwhile, has a relatively simple explanation of why he agreed to buy the studies and IP of Square Enix: they have a history of box office delivery, and although the IP may not have worked according to the expectations of Square Enix, Emberve Group has great hopes. “The acquisition is based on the mission of embarrassing to create a global and independent leader entertainment ecosystem and entertainment.” The company declared. «Embarrake has been particularly impressed by the rich original intellectual property portfolio of the studies, which houses marks with a verified global potential, such as tomb raider and deus ex, in addition to demonstrating the ability to create AAA games with great and growing bases of fans. There are convincing opportunities to organically grow studies to maximize their commercial opportunities ».
As noted above, Square Enix and Poat Group have reached an agreement for the latter to acquire Crystal Dynamics, Eidos-Montreal and Square Enix Montreal along with IP such as Tomb Raider, Deus Ex, Thief and Legacy of Kain, as well as a number of previous catalog titles for $ 300 million. It is still subject to regulatory approval and the like, but it is expected to close at the end of this year. You can consult all our previous Square Enix coverage in general here.
What do you think about the reasoning of Square Enix here? Are you curious to know what Group’s embarrass will do with all your new acquisitions? Let us know in the comments, or feel free to communicate and contact me directly on Twitter at @Rollinbishop to talk about everything related to games!