Square Enix Sells Tomb Raider IP and More for $300M to Focus on

Japanese gaming giant Square Enix is selling its western arm and all the associated intellectual property rights to Embracer Group for $300 million.

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Embracer Group has entered into an agreement to acquire Crystal Dynamics, Eidos-Montréal, Square Enix Montréal (~1,100 employees) and a catalogue of IPs including Tomb Raider, Deus Ex, etc (total up $300M)