Square Enix is selling Tomb Raider, Deus Ex, and its Western studios

Shadow of the Tomb Raider.

Square Enix is selling off its three major Western game studios along with the associated video game properties — which includes big names like Tomb Raider, Deus Ex, and Thief. The studios and properties are set to be acquired by Embracer Group for an estimated $300 million; following regulatory approvals, the acquisition is set to be finalized between July and September of this year.

In total, Embracer is acquiring Crystal Dynamics, Eidos-Montreal, and Square Enix Montreal, which amounts to “1,100 employees across three studios and eight global locations.” In terms of game properties, the company will be the steward of brands including Tomb Raider, Deus Ex, Thief, and Legacy of Kain, “along with continued sales and operations of the…

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Author: Andrew Webster