Embracer Group has entered into an agreement to acquire Crystal Dynamics, Eidos-Montréal, Square Enix Montréal (~1,100 employees) and a catalogue of IPs including Tomb Raider, Deus Ex, etc (total up $300M)

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https://twitter.com/Wario64/status/1521010532655923200

Embracer Group AB (“Embracer”) has entered into an agreement to acquire the development studios Crystal Dynamics, Eidos-Montréal, Square Enix Montréal, and a catalogue of IPs including Tomb Raider, Deus Ex, Thief, Legacy of Kain and more than 50 back-catalogue games from SQUARE ENIX HOLDINGS CO., LTD. (“Square Enix Holdings”). In total, the acquisition includes ~1,100 employees across three studios and eight global locations. The total purchase price amounts to USD 300 million on a cash and debt free basis, to be paid in full at closing. Embracer has secured additional long-term debt funding commitments for this and other transactions in the pipeline. The company today reiterates its current Operational EBIT forecast for FY 21/22, FY 22/23, and FY 23/24. The transaction is subject to various regulatory and other external approvals and is expected to close during the second quarter of Embracer’s financial year 22/23 (July-September 2022).

https://twitter.com/Wario64/status/1521017861803704321?t=gTTzKXSm8PxqNukXHyFklA&s=19

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300 million is a pretty good price for what Embracer’s getting. Would be nice to see all three studios shine again under a new company but time will tell. Xbox-related but I hope this doesn’t impact PD’s development all that much.

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Bittersweet news.

On one hand I’m glad this IP is finally away from SE, on the other, I’d have preferred MS to get them.

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Yo wtf ? Lmfaooooooooo

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My god NOOOOO :frowning:

And this is literally a steal

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Only $300M . Guess ABK really is affecting MS’s acquisitions ability for the time being .

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It seems MS were rather

A. Hands are tied with Activision.

B. Caught with thier pants down.

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Thats crazy everyone thought MS was a locked for them

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But they should’ve gotten it before ABK if it was apparently this easy

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Square being far away from these studios is all that matters.

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NGL I’m actually so damn pissed with this

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How is all that only 300M wtf & atleast it will stay multiplatform & also shows that Square is willing to sell

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The deal is done? Or there is a chance for another company to enter like what happened with T2 / Codemaster deal.

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Sony could have gotten them too, that would have meant much worse news.

Bit worried about what MS can really do in terms of other acquisitions while ABK is ongoing.

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Square wanted to sell its western division all along like some of us said, with the IP too. Damn

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I don’t think Microsoft’s plan is acquiring everyone.

And if ABK is stopping Microsoft, what’s stopping the others?

Everyone else can afford $300M.

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Codemasters went for around $1.2B, Bungie for $3.2B and Square Enix just sold most of their western division and over 50 IPs for just $300M. lol

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With the TR IP too holy shit

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Embracer really turning into a beast huh. I was thinking of this yesterday evening and it didn’t feel really all that crazy. Makes me wonder what else they got their eye on but I doubt some other company would acquire Embracer to get all of their things.

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MS will just buy Embracer that is the 4D chess move lol

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