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Embracer Group Completes Acquisition of Eidos and Crystal Dynamics
The Embracer Group (EMBRAC-B.ST) acquisition of assets from Square Enix has been approved. The transfer was announced on May 2, 2022, and includes Eidos, Crystal Dynamics, and Square Enix Montreal. It includes IP such as Tomb Raider, Deus Ex, Th…..
Square Enix Sells Eidos to Embracer Group
Square Enix (9684.T-JP: Tokyo) has entered into an agreement to sell several overseas studios to the Embracer Group. These holdings include Crystal Dynamics and Eidos Interactive. This includes IP such as Tomb Raider, Deus Ex, Thief and Legacy of Kain. The transfer price was listed as $300 million. Analysis Square Enix selling its Western studio holdings is not …..
Final Fantasy VII Remake Turns Classic 1990s Game Into a Billion Dollar+ Product
On April 10, Square Enix released Final Fantasy VII Remake. This game was based on the 1997 hit PlayStation title. Rereleasing classic titles is not new. However, what Square Enix is doing with Final Fantasy VII Remake is taking a historic franchise and making it into a billion dollar plus product. Upon its release, Final Fantasy VII was seen as a key driver for the first PlayStation system. At the time Square, along with then competitor Enix, had the best-sel…..
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