Embracer Group To Acquire Crystal Dynamics, Square Enix Montréal, Eidos-Montréal, Plus IPs For $300 Million

Squeenix deal includes Tomb Raider, Deus Ex and 50+ games.

Embracer Group, the Swedish video game holding company and parent of Gearbox, Saber Interactive and THQ Nordic (among many others), has entered into an agreement to acquire several studios and a selection of IP from Square Enix.

Included in the deal are three studios — Crystal Dynamics, Square Enix Montréal, and Eidos-Montréal — plus a catalogue of IP and games including Tomb Raider, Deus Ex, Thief, Legacy of Kain and over 50 "back-catalogue" titles. The acquisition will include over 1,100 employees across the three studios, with the total purchase price totalling $300 million.

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