Continuing its acquisition tear, Embracer Group has reached an agreement to acquire assets of Square Enix Holdings Co., bringing intellectual properties including Tomb Raider, Deus Ex, Thief, and Legacy of Kain to the owner of Asmodee Group and Dark Horse, the company announced. The acquisition also includes development studios Crystal Dynamics, Eidos-Montreal, and Square Enix Montreal for a total price of $300 million. The transaction is expected to close in Embracer Group’s July through September quarter. Square Enix will continue to operate using its remaining assets.
The acquisition of the intellectual properties offers Embracer Group the opportunity to use those properties for other purposes, including tabletop games and comics. Dark Horse has already been producing Tomb Raider comics for years; a new Tomb Raider videogame is in the product pipeline, according to the announcement. Embracer completed its acquisitions of Dark Horse and Asmodee Group earlier this year (see "Embracer Completes Acquisitions").
Square Enix pursued the sale after a $200 million loss on its two Marvel games, Marvel Avengers and Guardians of the Galaxy, according to an MST Financial analyst quoted by UK site Metro. Embracer Group will take over as publisher of both, pending Disney’s approval.
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'Tomb Raider', Other IPs to Owner of Asmodee, Dark Horse
Posted by Milton Griepp on May 5, 2022 @ 2:05 am CT
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