Embracer Group has entered into an agreement to acquire Crystal Dynamics, Eidos-Montréal, Square Enix Montréal, and a “catalogue of IPs including Tomb Raider, Deus Ex, Thief, Legacy of Kain and more than 50 back-catalogue games from Square Enix Holdings” for $300 million.
This news comes shortly after Crystal Dynamics announced it was developing a brand-new Tomb Raider game on Unreal Engine 5.
”We are thrilled to welcome these studios into the Embracer Group.
Crystal Dynamics is also the studio behind Marvel’s Avengers and it has been helping Microsoft’s The Initiative develop the new Perfect Dark game.