https://wccftech.com/embracer-group-square-enix-montreal-eidos-crystal-dynamics/

Embracer Group has today announced that it has entered an agreement to purchase Square Enix Montréal, Eidos, and Crystal Dynamics, amongst other assets.

The announcement came out of nowhere just now, and we’re sure that many didn’t expect the Swedish holding company to buy the studios responsible for numerous AAA titles, including the recent Tomb Raider reboots, Marvel's Guardians of the Galaxy, the Deus Ex series, and many other popular titles. According to the press release, the total purchase price amounts to USD 300 million on a cash and debt-free basis, to be paid in full at closing. Compared to recent industry acquisitions, including the intended $70 Billion megadeal between Microsoft and Activision Blizzard as well as the $3.6 Billion Sony/Bungie deal, this deal can be considered quite the steal for Embracer. The transaction is expected to close during the second quarter of Embracer’s financial year 22/23 (July-September 2022).