#SquareEnix has sold Crystal Dynamics, Eidos Montreal & Square Enix Montreal to Embracer Group for just $300M.
This includes 50 IPs (#TombRaider, Deus Ex, Legacy of Kain, Thief) and 1,100 employees.
With the exception of Life is Strange, Outriders, and Square Enix Collective, SE have effectively just sold their Western portfolio.
Square Enix aims to use the funds on #blockchain technology:
@Toadsanime I was completely fine with the first 80% of that post. Just the last piece is turning my stomach. Noone needs Blockchain. End of Story.
@Toadsanime Eidos and Crystal Dynamics being free to do stuff (ahem... pls make a new Deus Ex): yay
Square using the funds for blockchain: yikes
@Toadsanime I haven't dug into the financials but I also found the $300m to be a bit low considering the IPs involved in the transaction.
@Toadsanime Embracer Group has a fitting name, another slew companies has been embraced. 300 million seems low for all three with all of their ips, like i feel like Square couldve easily sold them for more. Not a fan of consolidation but i guess Embracer is lesser of many evils.