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The OuterhavenThe Outerhaven
Home»News»Gaming News»Square Enix Sells Most Their Western Department To The Embracer Group

Square Enix Sells Most Their Western Department To The Embracer Group

By Scott AdamsMay 2, 2022
Square Enix sells its western studios, Nintendo Switch 2

Square Enix and Crystal Dynamics surprised us today with a tweet discussing them giving up some of their properties to The Embracer Group.

SQUARE ENIX HOLDINGS CO., LTD. enters into an agreement with Embracer Group for the acquisition of Crystal Dynamics, Eidos-Montréal, Square Enix Montréal, and IP.

Press Release: https://t.co/ooOYacp4PW pic.twitter.com/2PmQE967gk

— Square Enix (@SquareEnix) May 2, 2022

The list of properties that were sold to Embracer Group are CRYSTAL DYNAMICS, INC.; EIDOS INTERACTIVE CORP. and IP such as TOMB RAIDER, Deus Ex, Thief, and Legacy of Kain. In a press release they mention that the reason they were doing this purchase is to allocate their resources into other business oriented endeavors. With some notable ones in the list as Cloud gaming, Blockchain and AI. This could mean that they want to focus on more than just the publication of games and into other avenues of the gaming industry.

I am interested to see how this changes the current conditions of the developers Crystal Dynamics and Eidos Interactive. There is a lot that Square Enix has done in the past that more or less threw these development studios under the rug, such as discussing how Marvel’s Guardians of the Galaxy underperformed. They have also gone on record citing Crystal Dynamics as the reason as to why Marvel’s Avengers was released the way that it was. 

They went as far as to make sure in their press release to state that Just Cause, Life is Strange and Outriders will still be owned and operated by Square Enix. All the other western properties were sold to Embracer Group for $300 million. Which in terms of acquisitions go, is quite low in recent history. One of the more recent acquisitions from Embracer Group was Gearbox Studios for $1.3 billion.

All we can do is see how these studios do without Square Enix.

Crystal Dynamics Eidos Interactive Embracer Group square-enix
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Scott Adams
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Scott Adams has been a strong lover of video games, mainly RPGS, for 20 years. He typically writes about the video games he loves, also reviews many of them, and he is a regular on the Nintendo Entertainment Podcast.

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