Tomb Raider & Co. is changing hands for $300 million

Swedish Embracer Group is buying the studios and rights to Tomb Raider and more for $300 million.

Square Enix is ​​separating from several development studios, including the studios responsible for games like Tomb Raider and Deus Ex: Crystal Dynamics, Eidos-Montréal and Square Enix Montréal. The game forges are to go to the Swedish Embracer Group, as can be seen from the press release.

Studios, 1100 employees, 50 titles: $300 million

The Embracer Group (formerly Nordic Games or THQ Nordic) takes over the entire western part of Square Enix, so to speak, and will also take on around 1100 employees from eight locations. Strong brands such as “The Legacy of Kain”, “Deus Ex” and last but not least “Tomb Raider” as well as other brands are of course also moving into the portfolio of the Embracer Group. Altogether there should be around 50 titles. However, European Square Enix titles were excluded from the deal, so the rights such as “Just Cause” or “Outriders” will remain with Square Enix for the time being.

In addition, the Embracer Group did not skimp on the price. The studios are to be bought for around 300 million US dollars. The acquisition is expected to be completed in the second quarter (between July and September 2022). The takeover is not yet final and must also be approved by the responsible authorities.


New Tomb Raider with Unreal Engine 5 in development

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button