Following news that Embracer Group would be acquiring a number of Square Enix's western studios and IPs back in May, the company has today announced that it has completed the purchase. This means Embracer now officially owns Crystal Dynamics, Eidos-Montréal, and Square Enix Montréal, and holds the rights to franchises such as Tomb Raider, Thief, Legacy of Kain, and a ton more.
Embracer shared an official statement on its website, saying that "all conditions for the transaction, including regulatory approvals, have now been fulfilled".
The Swedish company dropped $300 million on the deal, which sees them bring over 1,100 employees from Square Enix's now-former studios. Embracer Group has stated that it will be giving out "further information... at a later date".
This isn't the only deal Embracer has entered in 2022. Just last week, it also acquired the rights to the Lord of the Rings IP and Limited Run Games. We have a comprehensive list of everything Embracer Group owns below:
- Further reading - So, What Does Embracer Group Actually Own The Rights To?
It's been a busy day for game studio acquisition news today. Earlier today, TinyBuild acquired the rights to Surgeon Simulator, I Am Fish, and I Am Bread, while a rumour around Amazon buying Electronic Arts also popped up, but this has been subsequently denied.
How do you feel about the acquisition? What would you like to see the company bring back? Let us know!
[source embracer.com]
Comments 30
I feel embarrassed, but I wish that I had a complete list of the IPs tha they have just obtained.
it is weird that eidos is changing its name to square enix montreal even after they separated from square enix?
@MarkyVigoroth
Further reading's got you covered: https://www.nintendolife.com/guides/so-what-does-embracer-group-actually-own-the-rights-to
Its a shame that there hasn't been any Legacy of Kain/Blood Omen/Soul Reaver games in the last 2 decades. SquareEnix is not the same company they were back in 2000, so Im glad that they may get a proper shot under a different umbrella.
Now watch Square Enix blow the $300M on NFTs.
@Desrever I’m conflicted with Embracer. They’re not known for anything great… but nothing terrible? (Depends on the game). Whether it’s Koch Media, Deep Silver or THQ Nordic, I’m not entirely sure this is going to be everything we want. On the flip side, this company is very good at releasing old IP out again. Destroy All Humans, Saints Row The Third and Red Faction Guerrilla are three games I can think of at this moment.
@Koxen We are happy to announce the completion of the acquisition of @CrystalDynamics, @EidosMontreal, & soon to be renamed @SquareEnixMtl! The companies will form the 12th operative group under the leadership of Phil Rogers. A warm welcome to all new colleagues.
It is weird that Eidos is changing its name to Square Enix Montreal even after they separated from Square Enix?
Actually what the article really meant is that Embracer already own Crystal Dynamics, Eidos Montreal, and Square Enix Montreal but of those three studios only Square Enix Montreal will be rename once the acquisition finalize meaning it won't be called Square Enix Montreal anymore. Eidos Montreal is not Square Enix Montreal. The new name hasn't been reveal yet.
Hey guys, stop with the negativity, we've got to Embrace this acquisition. At least the studios weren't Squared out of existence! Besides, you can agree that they're gonna be more Dynamic now.
I just excited to see SE get back to focusing on the best IPs they have.
@BreathingMiit
All joking aside, Sqaure Enid’s 2022 lineup is amazing. You’d have to go back to the late 90’s to find a better lineup.
Triangle Strategy, Live a Live, Tactics Ogre, Harvestella, Diofield Chronicles, Dragon Quest Treasures, FF Pixel Remasters, new Star Ocean, etc.
@RushDawg The list just kept going and onto 2023 too: Nier Automata: The End of YoRHa Edition, Final Fantasy VII: Crisis Core Remake, Valkyrie Elysium, Romancing SaGa: Minstrel Song, Dragon Quest III 2D HD, Front Mission 1st Remake, Front Mission 2nd Remake, SaGa Frontier 2, Dragon Quest XII, Final Fantasy XVI, Final Fantasy VII Rebirth, etc. Wouldn't surprise to see Final Fantasy Tactics Remastered, Vagrant Story Remastered, Treasure Hunter G Remake, Star Ocean: Second Evolution R, Star Ocean: Til the End of Time R, Drakengard Collection Remastered, Bahamut Lagoon Remake, Chrono Trigger 2D HD Remake, Final Fantasy: The 4 Heroes of Light Remake, and Unlimited SaGa Remastered.
Would absolutely love to see ports/remasters of the Legacy of Kain games. Probably too much to hope for, sadly.
@RushDawg @Serpenterror and how many of those are remakes/remasters/whatever of SE games from the 90s? Not knocking them, I missed most of these first time round for whatever reason so it’s great to catchup. It’s just easy to feel like a return SE’s Golden Age when it’s just repackaging that Golden Age…
Knowing Embracer Group's penchant for reviving unloved gaming franchises, I hope porting the Legacy of Kain games to current consoles is a high priority on their to-do list.
@gaga64 Tactics Ogre, SaGa Frontier 2, Final Fantasy VII, Dragon Quest III, Live-A-Live, Front Mission 1st, and Front Mission 2nd are from the 90s. Only thing is Final Fantasy VII Remake is more a reboot of the story than a remake and it still hadn't been completed yet and Tactics Ogre is based more on the PSP version than the Super Famicom one but should still had that 90s vibe. Live-A-Live is definitely a 90s era gem made modern here, if you got the chance check it out. It's a game we want a Chrono Trigger remake to be like.
Whatever happened to Lara Croft and Guardian of Light coming to Switch? I hope it still happens
Please Soul Reaver 1 on Switch!!!!!
@gaga64 Welp, nostalgia is a great money making machine, and it seems going back to the golden age, and hoping for a revival will be a money maker for SE.
Personally, I doubt many of these old franchises will be the money makers Square hopes them to be, but we will see.
yeah!! I hope they come back with a dark Thief game like Thief II. That's a good thing for the franchises, isn't it?
Is it weird that I don’t fully trust this Embracer Group?
@Magician I really hope Embracer Group commissions Night Dive studios to remaster those old games for modern consoles.
I especially want them to work on Soul Reaver and convert the Dreamcast version for the remaster and include some additional difficulties like with most of their newer remastered titles.
But I especially want them to remaster the old Thief games, that would be a dream come true.
@ecco6t9 No, completely natural. The history of the company is rather incredible when you read their wiki page. They must have done an absolutely incredible job of raising funding for all of these takeovers, but I do have a slight concern that it will all come crashing down at some point from sheer over-expansion without the profits to match.
@gaga64
There are some remakes/ports, but there's lots of new stuff too. Triangle Strategy, Harvestella, Diofield Chronicles, Dragon Quest Treasures, etc. are all new.
Live a Live is also a high effort remake and new to Western audiences, so I don't really count it as a simple port.
@Serpenterror you're right I see. I misunderstood the whole thing
Deus Ex let's go
Well, there is a silver lining: at least it's not Tencent, I guess.
@BreathingMiit Rumour has it Squeenix is also up for sale, or gonna be soon. Guess they already blew that 300 mill and now are in trouble.
Good for you EG, now release some actual games.
....and now.... GEX!!! Come on Embracer... embrace the gecko!
@Serpenterror So much greatness.
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