Embracer Completes the Acquisition of Eidos, Crystal Dynamics & Square Enix Montréal

The Swedish holding Embracer Group announced it has completed its acquisition of Crystal Dynamics, Eidos Montréal, and Square Enix Montréal along with a catalog of IPs including Tomb Raider, Deus Ex, Legacy of Kain, Thief, and "more than 50 back-catalog games from Square Enix Holdings."

"All conditions for the transaction, including regulatory approvals, have now been fulfilled and the transaction may be completed," the company's press release reads. Embracer has, therefore, today completed the acquisition."

The deal was initially announced in early May when Embracer revealed that was purchasing the studios and their IPs for $300 million.

Earlier in August, the holding announced the formation of its 11th operating group, Embracer Freemode, which will focus on "operating activities in the retro, classic, and heritage gaming category," as well as will invest in "iconic gaming & entertainment properties." The operating group acquired a number of studios including Middle-earth Enterprises, Limited Run Games, Bitwave Games, Gioteck, Singtrix, and Tatsujin. 

Now, when the acquisition of Crystal Dynamics, Eidos Montreal, and Square Enix Montreal is officially completed, the companies will form the 12th operating group that will be led by Phil Rogers, who previously served as Square Enix America and Europe CEO, and his management teams.

Embracer said that will share more details on the new operating group in the future.

You can learn more about the deal here. Also, don't forget to join our Reddit page and our Telegram channel, follow us on Instagram and Twitter, where we share breakdowns, the latest news, awesome artworks, and more.