Square Enix has sold all of their Western studios, who they were disappointed with no matter how well a game sold. Except The Avengers, they were right to be disappointed there.
Lars Wingefors, Co-founder and Group CEO, stated: “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.”
When the sale finalizes, estimated to be around the second quarter , Embracer will have more than “14,000 employees, 10,000 engaged game developers, and 124 internal studios” spread across more than 230 games with 30 AAA games. Embracer claims to support the upcoming “increasingly strong demand for high-quality content, including AAA single-player games, over the [next] decade.”
Square originally ventured into Western development with the purchase of Eidos and Crystal Dynamics back in 2009, where they successfully rebooted the Tomb Raider series and crafted licensed efforts with
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