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Square Enix Sells Eidos Brand And Properties To Embracer Group In US$300m Deal – News

3 years ago
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It looks as if that is a low worth at 0.04 Bethesda.

After practically a decade and a half, Sq. Enix is promoting their largest Western subsidiary.

The Embracer Group (guardian firm of THQ Nordic, Saber Interactive, Gearbox, and Aspyr Multimedia) have entered into an settlement to buy the earlier belongings of Eidos – together with the event studio Crystal Dynamics – for US$300m. Within the deal, Embracer will turn out to be the homeowners of properties resembling Tomb Raider, Thief, and Deus Ex.

Sq. Enix acquired Eidos initially in 2009 in a deal valued at £84.3m (or roughly US$130m on the time) in an effort to shore up their Western improvement. In recent times, the corporate has seen explosive development of their home manufacturing together with the beautiful comeback of the MMORPG Last Fantasy XIV, whereas their Western divisions have did not stay as much as often-outsized expectations. SE claims that the cash from the sale – which will likely be paid in money when the deal closes – will likely be used to spend money on new applied sciences.

Following the sale, Sq. Enix will retain possession of Life is Unusual and Simply Trigger, in addition to the 2021 launch Outriders.



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Tags: BrandDealEidosEmbracerEnixGroupNewsPropertiessellsSquareUS300m
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