Embracer to buy Square Enix western studios and IPs for $300m

[DjchunKfunK]

Square announced this morning that they are to sell their western studios and around 50 IPs to Embracer group for just $300m. This will leave Square free to focus on investing in blockchain, AI and cloud gaming.

This deal seems like a steal for the IP alone and then you get Crystal Dynamic, Eidos-Montréal and Square Enix Montréal as well. I think it's a good move for anyone who likes Eidos catalogue of games as it is unlikely Square were ever going to make another Deus Ex, Thief or Legacy of Kain game.

[Raid]

Boy, it's a real shame that all of those franchises have been severely underperforming and therefore nowhere near as valuable as Square-Enix would have expected.