Square Enix explains why it’s selling to developers Guardians of the Galaxy and Marvel’s Avengers

In case you somehow missed it, Square Enix and The Embracer Group announced today that the two have entered into an agreement for The Embracer Group to acquire Crystal Dynamics, Eidos-Montreal, Square Enix Montreal and a host of intellectual property such as Tomb Raider and Deus Ex. The deal is expected to close for $300 million somewhere between July and September 2022. Square Enix, for its part, has explained the purpose of the sale to Embracer Group as due to a number of factors, but it significantly helps the company…

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Square Enix sells Marvel’s Avengers and Guardians of the Galaxy Developers, Tomb Raider, Deus Ex, and more

Square Enix and Embracer Group have entered into an agreement for the former to sell a number of development studios and intellectual property to the latter for just $300 million. It includes proverbs marvel avengers Developer Crystal Dynamics and Marvel’s Guardians of the Galaxy Developer Eidos-Montreal as well as IPs like Tomb Raider, Deus Ex, Thief, Legacy of Kain and more. While it is still subject to regulatory approvals and the like, the deal is expected to close between July and September 2022. “We are delighted to welcome these studios…

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