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Embracer’s acquisition of Square Enix Studios is finalized

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A new name will soon be given to Square Enix Montreal, one of the studios that are now part of Embracer Group.

Although it is much less expensive than the transaction between Microsoft and Activision-Blizzardthe purchase of the European assets of Square Enix by Embracer Group has been one of the many thunderbolts in the industry this year. Last May, and for a pittance some would say, the Swedish ogre took over the “unprofitable” part of Square Enix, namely almost the whole of Square Enix Europe (ex-Eidos): Square Enix Montreal, Crystal Dynamics and Eidos Montreal.

Square Enix Montreal will soon have a new name

In short, About fifty licenses, some of them historical, for “only” 300 million. Embracer Group has just announced the completion of this acquisition and explains that “Crystal Dynamics, Eidos Montreal and Square Enix Montreal (which will soon be renamed) are now part of the family“. The group also promises to take care of the flagship licenses and will mandate Phil Rogers (ex-CEO Square Enix America and Europe) as the new boss of this 12th division within the group.

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As a reminder, the group does not intend to stop there, since a few days ago, new studios have joined the family, which now counts more than 120, as well as the license for the Lord of the Rings franchise. Heavy.

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