Embracer Group officially announced the completion of the acquisition of Crystal Dynamics, Eidos Montreal and Square Enix Montrealat the end of the process started in early May, which makes the teams in question now an integral part of the Swedish-based group.
As we had seen, Embracer Group acquired Crystal Dynamics, Eidos Montreal and Square Enix Montreal from Square Enix, together with all the intellectual properties connected to the teams in question: this means that Tomb Raider, Deus Ex, Thief, Legacy of Kain and over 50 titles from the combined catalog of the teams in question are now part of Embracer.
The acquisition was completed today, according to an official statement from Embracer Group: “All conditions for completing the transaction, including regulatory approval, have now been met and the procedure is concluded.
Therefore Embracer, today, has completed the acquisition “, reads the communication of the Swedish company.
Crystal Dynamics, Eidos Montreal and Square Enix Montreal (likely to take a different name) will be part of Embracer’s 12th operating group, under the leadership of Phil Rogers and his management teams. For the moment, there is no information on the new projects underway at the teams within the new organization, but Embracer immediately said she was very interested in recovering the intellectual property catalog of the teams.
With this maneuver, Square Enix has practically got rid of the western teams, with which it has always had some management problems, at a relatively low price, returning to being a company entirely centered on Japan. Also for this reason, rumors of a possible acquisition of Square Enix by Sony have revived, but this has not yet found confirmation.
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