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Embracer Group complete acquisition of former Square Enix studiosSquare Enix Montréal to be renamed
Square Enix Montréal to be renamed
Swedish media buyer-uppersEmbracer Grouphave completed their $300 million (£253 million) acquisition of former Square Enix studios, begun in May this year. The deal sees Crystal Dynamics, Eidol Montréal and Square Enix Montréal become part of a 12th operating group within Embracer. Square Enix Montréal will now change their name.
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It’s becoming increasingly difficult to find something that Embracer Group hasn’t acquired yet. The companybought the rightsto the entirety of J.R.R. Tolkein’s Middle-Earth last week, which just sounds totally out there. At the same time, Embracer began the acquisition of seven more companies within the games industry, including Tripwire Interactive, Tuxedo Labs, Singtrix, Limited Run Games, arcade specialists Tatsujin, Bitwave Studios, and accessories maker Gioteck.
In total, those deals cost them SEK 6 billion (£480 million) upfront and potentially another SEK 2.2 billion (£175 million) in deferred costs. Embracer have also acquiredPerfect World Entertainment,Lost Boys InteractiveandBeamdogjust this year. They already own3D Realms and Gearbox,Aspyr, THQ Nordic and Saber Interactive.
