Square Enix Sold Western Game Studios for $300M

Japan-based game giant Square Enix has unexpectedly sold its three major game developer studios to European game publisher Embracer. announced. In the announcement made today on the subject, it was announced that the agreement was completed for Square Enix Montréal, Eidos and Crystal Dynamics companies to come under the umbrella of Embracer. It is an undeniable fact that this acquisition process, which cost 500 million dollars, is quite lucrative for the Embracer front. Because, compared to the money spent by companies such as Microsoft and Sony on developers, 300 million dollars is a handful, so to speak. If you wish, let’s take a closer look at the details of the subject.

This announcement we mentioned was shared at once and we are sure that many people know that Embracer; He didn’t expect it to buy the studios responsible for so many AAA titles like Tomb Raider, Marvel’s Guardians of the Galaxy, and the Deus Ex series. According to the press release, the aforementioned $300 million total purchase price will be paid in full at financial close, debt-free. On the other hand, it is known by everyone that the game world has witnessed such purchases recently. We can cite events such as Microsoft’s purchase of Activision Blizzard for $70 billion or Sony’s purchase of Bungie for $3.6 billion in response to this move, but Embracer is the most profitable company with three game studios so far. Let’s not go without mentioning it.

In his statement, Lars Wingefors, the Co-Founder and CEO of Embracer, stated that they were excited to host the studios they acquired under the umbrella of Embracer, while Phil Rogers, CEO of Square Enix America and Europe, underlined that they were pleased with this development. Do not forget to share your thoughts in the comments.

A YBS student who grew up with technology and combined his enthusiasm for writing with Technopat. He continues to develop himself confidently on the path of research and reading.

Source: Technopat by www.technopat.net.

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