Tomb Raider and Deus Ex studios and IP lead massive sale from Square Enix to Embracer Group

Square Enix is ​​selling Crystal Dynamics, Eidos-Montreal, and Square Enix Montreal as well as attached IP including Tomb Raider, Deus Ex, Thief, and Legacy of Kain to Embracer Group for $300 million.

It’s worth noting that the newly announced Tomb Raider game in the works using Unreal Engine 5 is indeed included in the sale of Crystal Dynamics. The acquisition also includes more than 50 games from the collective back-catalog of Square Enix’s overseas studios.

Embracer Group says it “sees an opportunity to invest” in Tomb Raider and Deus Ex in particular, “as well as the additional acquired IPs such as Legacy of Kain, Thief, and other original franchises.” The company explained that mobile specialist Square Enix Montreal, known for spinoffs like Hitman Go and Lara Croft Go, “will continue to develop and operate memorable mobile games based on AAA IP.”

(Image credit: Square Enix)

A statement shared by Crystal Dynamics and Eidos-Montreal on Twitter reads: “Embracer Group will help propel us to great new heights as we continue to deliver exciting experiences from our beloved portfolio of franchises as well as original concepts and IPs developed with partners.”

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