WOW! Modern Warfare 2 Gameplay LEAK Just DROPPED & Square Enix SOLD to Embracer (PS5 & Xbox).
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Today we have new Call of Duty Modern Warfare 2 gameplay news and also Square Enix selling Tomb Raider and other games to Embracer news.
Square Enix has sold Eidos, Crystal Dynamics and Square Enix Montreal to Embracer Group including their IPs (Tomb Raider, Deus Ex, Thief etc) for $300m
Transaction likely to close between July-September 2022 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. (“Square Enix Holdings”). In total, the acquisition includes ~1,100 employees across three studios and eight global locations. The total purchase price amounts to USD 300 million on a cash and debt free basis, to be paid in full at closing. Embracer has secured additional long-term debt funding commitments for this and other transactions in the pipeline. The company today reiterates its current Operational EBIT forecast for FY 21/22, FY 22/23, and FY 23/24. 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).
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