Square Enix Sells Its Western Studios and Hits Such as Tomb Raider | Tomb Raider Sold (2022)
388The Japanese gaming company behind Final Fantasy is selling off three studios, including the rights to hit franchises including Tomb Raider, in a $300m (£240m) deal.
Tokyo-based Square Enix has sold US-headquartered Crystal Dynamics and Canada-based Eidos Montreal and Square Enix Montreal to the Nasdaq-listed Swedish gaming group Embracer.
The deal includes the intellectual property (IP) rights to games such as Tomb Raider, which has sold more than 88m units, Deus Ex, Thief, and Legacy of Kain. It also includes 50 back-catalog games and will add 1,100 staff to Embracer, taking its global headcount to more than 14,000.
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