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-   -   Embracer Group has Bought Tomb Raider along with other franchises for 300 Million (https://www.tombraiderforums.com/showthread.php?t=227162)

Kristijan1001 02-05-22 06:58

Embracer Group has Bought Tomb Raider along with other franchises for 300 Million
 
https://embracer.com/release/embrace...-other-assets/

Embracer Group AB (”Embracer”) has entered into an agreement to acquire the development studios Crystal Dynamics, Eidos-Montréal, Square Enix Montréal, and a catalogue of IPs including Tomb Raider, Deus Ex, Thief, Legacy of Kain and more than 50 back-catalogue games from SQUARE ENIX HOLDINGS CO., LTD. (“Square Enix Holdings”). In total, the acquisition includes ~1,100 employees across three studios and eight global locations. The total purchase price amounts to USD 300 million on a cash and debt free basis, to be paid in full at closing. Embracer has secured additional long-term debt funding commitments for this and other transactions in the pipeline.



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Square Enix says the transaction (which was only $300 million) "enables the launch of new businesses by
moving forward with investments in fields including blockchain, AI, and the cloud."


https://www.hd.square-enix.com/eng/n...elease_fin.pdf

https://twitter.com/Wario64/status/1521017861803704321

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Opinion on topic. Its kinda sad how SE undervalues their western studios. Honestly 300million is undervalued. Also sold it to invest in crypto lmao. Here come NFTs in their games. At least avoided that nightmare of ruining this franchise even more.

Child Of Ocean 02-05-22 07:03

What is Embracer Group?
SE is a ****ty company. I hope this one would treat TR better

Kristijan1001 02-05-22 07:07

Quote:

Originally Posted by Child Of Ocean (Post 8353696)
What is Embracer Group?
SE is a ****ty company. I hope this one would treat TR better

Yeah better in any hands than SE hands.

Embracer Group is a Swedish video game holding company controlled by Lars Wingefors. As of 2021 they own more than 76 internal studios in over 45 countries in Europe and the Americas. Its subsidiaries are organized under ten groups: Amplifier Game Invest, Asmodee, Coffee Stain Holding, Dark Horse Media, DECA Games, Easybrain, Gearbox Entertainment, Koch Media, Saber Interactive and THQ Nordic. Each group has its own operations, subsidiaries and development studios.

https://en.wikipedia.org/wiki/List_o...Embracer_Group

Dingaling 02-05-22 07:16

God, $300m is a ridiculous steal of a bargain. At that price Square Enix should've just given the development teams and IPs for free to Embracer.

It should be noted that at least with this sale there is no chance of the franchise being bought by Sony or Microsoft and Tomb Raider will remain multi-platform. I know there was an inkling of fear of the franchise being made exclusive with Sony and Microsoft going on a spending spree recently.

Kristijan1001 02-05-22 07:18

Quote:

Originally Posted by Dingaling (Post 8353698)
God, $300m is a ridiculous steal of a bargain. At that price Square Enix should've just given the development teams and IPs for free to Embracer.

It should be noted that at least with this sale there is no chance of the franchise being bought by Sony or Microsoft and Tomb Raider will remain multi-platform. I know there was an inkling of fear of the franchise being made exclusive with Sony and Microsoft going on a spending spree recently.

What is even more ridiculous is this, at least Tomb Raider avoided their NFT BS.

---------------------------------------------------
Square Enix says the transaction (which was only $300 million) "enables the launch of new businesses by
moving forward with investments in fields including blockchain, AI, and the cloud."


https://www.hd.square-enix.com/eng/n...elease_fin.pdf

https://twitter.com/Wario64/status/1521017861803704321

Nerdy 02-05-22 07:22

About time!

CrowdedToaster 02-05-22 07:26

I honestly did not see this coming and am quite surprised for some reason. Though, I am glad. Square Enix has really neglected Tomb Raider and its other western IP's. I hope Embracer Group embraces Tomb Raider much more than Square Enix.

Apparently, the acquisition was done to help SE invest in blockchain/NFT's lol

$300M for all those studios and IP's seems pretty low though... I'd expect Tomb Raider alone to be sold at that price.

CroftManiac05 02-05-22 07:33

Quote:

Originally Posted by Kristijan1001 (Post 8353699)
at least Tomb Raider avoided their NFT BS.

Yes I think that's the biggest win. Hopefully Embracer Group will allow creative freedom for their studios. I still didn't expect a sale so soon though.

Quote:

Originally Posted by CrowdedToaster (Post 8353701)
the acquisition was done to help SE invest in blockchain/NFT's lol

I hope their investment in NFTs crashes and burns.

Emix 02-05-22 07:34

SE is a lost cause. But this was still kinda unexpected for me.
I am simply not sure what can we expect in the future and will TR and Lara ever get to shine again.

UroshUchiha 02-05-22 07:39

This can only be a good thing from my perspective. Square has only been failing recently and Embracer Group surely (?) can't do worse for TR than what was done with the IP with the latest reboot trilogy and the TRR mobile game.


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