The deal is worth $300 million.
Embracer is a quietly huge publishing group, which operates more than 100 studios including the likes ofdeveloper Gearbox, Saber Interactive, and THQ Nordic. It also owns comics and entertainment brand Dark Horse. Embracer says that, when the deal with Square Enix closes, it will have a total of 124 internal studios and 14,000 employees.
”We are thrilled to welcome these studios into the Embracer Group,” co-founder and CEO Lars Wingefors said in a statement. “We recognize the fantastic IP, world class creative talent, and track record of excellence that have been demonstrated time and again over the past decades. It has been a great pleasure meeting the leadership teams and discussing future plans for how they can realize their ambitions and become a great part of Embracer.
Square Enix originally began its move into Western game development in 2009 with its acquisition of Eidos Interactive, during which time it oversaw new
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