That final one will likely be getting a reputation change

The ink has dried on Embracer Group’s buy of three former Sq. Enix studios. Crystal Dynamics, Eidos Montreal, and Sq. Enix Montreal are all now a part of the Embracer Group.

Embracer’s acquisition was introduced in Might earlier this yr, for a reported sum of round $300 million USD. Immediately, Embracer Group confirms that each one situations for the transaction, together with regulatory approvals, have been fulfilled.

This buy doesn’t simply embrace the three studios, however a number of notable IPs that these studios have labored on. These embrace Tomb Raider, Deus Ex, Thief, and The Legacy of Kain. Nevertheless, Sq. Enix continues to be set to retain sure IPs.

In a put up from the Crystal Dynamics social media account immediately, it’s confirmed that Sq. Enix Montreal will likely be renamed quickly. Extra data is anticipated at a later date.

It is official! Crystal Dynamics, @EidosMontreal & the soon-to-be-renamed @SquareEnixMtl at the moment are a part of the worldwide Embracer Group household!

We proceed to develop ground-breaking leisure with beloved and authentic IPs & cannot wait to point out what we have been engaged on. pic.twitter.com/qTkGvf4zTL

— Crystal Dynamics (@CrystalDynamics) August 26, 2022

A brand new group beneath Embracer

With all three studios beneath new possession, it will likely be fascinating to see what their future growth plans are. Crystal Dynamics had introduced it was engaged on the following Tomb Raider sport, constructing it utilizing Unreal Engine 5. Eidos Montreal is sizzling off Guardians of the Galaxy, a sport that actually took me unexpectedly. I’m personally hoping Tomb Raider hasn’t been affected an excessive amount of by the change in possession.

This locks in a fairly large acquisition for Embracer, although the group hasn’t been shy about choosing up extra purchases within the interim. Final week, Embracer introduced a bevy of latest acquisitions. They vary from Tripwire and Restricted Run Video games to Lord of the Rings IP holder Center-earth Enterprises. Alongside Gearbox, Aspyr, and extra, that’s lots of studios beneath the Embracer label as of late.

In different acquisition information, the Sony-Bungie deal closed final month. And Microsoft, in the meantime, is working in the direction of finalizing its buy of Activision Blizzard.