Lara Croft causes death from above in Shadow of the Tomb Raider.
Lara Croft causes death from above in Shadow of the Tomb Raider.
Categories

Embracer agrees to buy Crystal Dynamics, Eidos-Montréal, Square Enix Montréal, and their IP

  • Posted byby Mike Minotti
  • Updated
  • 1 min

Embracer Group announced today that it has entered an agreement with Square Enix to acquire Crystal Dynamics, Eidos-Montréal, and Square Enix Montréal. Embracer will also get a hold of major IP from those companies, including Tomb Raider, Deus Ex, Thief, and Legacy of Kain.

The deal is costing Embracer $300 million. While that’s a lot of money, it’s significantly less than other recent blockbuster gaming deals. Sony is spending $3.6 billion on Bungie.

Unlock premium content and VIP community perks with GB M A X! Join now to enjoy our free and premium perks. 

Join now →

Sign in to your account.

Written by

Mike Minotti

Mike Minotti has been with GamesBeat since 2012, starting as an intern. Based near Youngstown, Ohio, he now manages GamesBeat's editorial team. He's also a prolific podcaster, appearing on multiple shows covering the gaming industry.