Sweden Take Over Tomb Raider & Deus Ex

The Swedish games group Embracer also gets the popular game series “Tomb Raider” and “Deus Ex” on its big shopping spree. The previous owner Square Enix is ​​giving up the development studios behind it for around 300 million dollars (285 million euros), as the companies announced on Monday. Also part of the deal are Thief, Legacy of Kain and a catalog of more than 50 other titles.

Embracer, formerly known as THQ Nordic, has been in takeover fever for years. Founder and boss Lars Wingefors wants to build a gaming empire that can compete with industry heavyweights such as Electronic Arts or Ubisoft.Invested billions in acquisitionsSince the beginning of 2020, he has already invested around 77 billion Swedish kronor (currently 7.5 billion euros) in acquisitions, wrote recently the “Financial Times”. Among the acquisitions are the “Borderlands” developer Gearbox and the comic studio Dark Horse Media with hits like “Hellboy” and “Sin City”. The video “Tomb Raider”, which has sold around 88 million copies, is the crown jewel of the current deal. With the takeover, around 1,100 employees from the Crystal Dynamics, Eidos-Montréal and Square Enix Montréal development studios are to move under the Embracer umbrella. The companies expect to be able to complete the sale in the third quarter.

Reference-www.krone.at