The acquisition builds on Embracer’s mission of creating a leading independent global gaming and entertainment ecosystem. The acquisition brings a compelling pipeline of new installments from beloved franchises and original IPs, including a new Tomb Raider game. The studios possess a unique ability to deliver blockbuster hits decade after decade. The collection of studios represents a world-class creative team of ~1,100 employees across three studios and eight global locations, including two of the most reputable AAA studios across the industry in Crystal Dynamics and Eidos Montréal. Embracer allows us to forge new partnerships across all media to maximize our franchises’ potential and live our dreams of making extraordinary entertainment,” says Phil Rogers, Square Enix America and Europe CEO. It is the perfect fit for our ambitions: make high-quality games, with great people, sustainably, and grow our existing franchises to their best versions ever.
”Embracer is the best kept secret in gaming: a massive, decentralized collection of entrepreneurs whom we are thrilled to become a part of today. It has been a great pleasure meeting the leadership teams and discussing future plans for how they can realize their ambitions and become a great part of Embracer,” says Lars Wingefors, Co-founder and Group CEO, Embracer Group. We recognize the fantastic IP, world class creative talent, and track record of excellence that have been demonstrated time and again over the past decades. ”We are thrilled to welcome these studios into the Embracer Group. Please find details in a separate invitation that will follow this release. The transaction is subject to various regulatory and other external approvals and is expected to close during the second quarter of Embracer’s financial year 22/23 (July-September 2022).Įmbracer will hold a webcast presentation for investors, analysts and media on at CET 09.00. The company today reiterates its current Operational EBIT forecast for FY 21/22, FY 22/23, and FY 23/24. Embracer has secured additional long-term debt funding commitments for this and other transactions in the pipeline.
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The total purchase price amounts to USD 300 million on a cash and debt free basis, to be paid in full at closing. In total, the acquisition includes ~1,100 employees across three studios and eight global locations.
Embracer Group AB (”Embracer”) has entered into an agreement to acquire the development studios 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 CO., LTD.
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