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News

News from May 2022

Square Enix to Sell Western Studios; Files Several Trademarks


Square Enix
Square Enix is due to sell studios Crystal Dynamics, Eidos-Montreal, and Square Enix Montreal to Embracer Group for an estimated $300 million USD. The deal still needs regulatory approval, but once given, should be finalized sometime between July and September of this year.

This sale will mean Square Enix will no longer own the properties of Tomb Raider, Deus Ex, Thief, and Legacy of Kain, along with a back-catalogue of more than 50 games. Crystal Dynamics is already working on a new Tomb Raider game.

Square Enix has said that this deal was made so they could invest in fields including blockchain, AI, and the cloud.

In unrelated news, Square Enix registered several new trademarks recently. These trademarks include Fear Effect and Relic Strike. The former was a game released by Eidos in 2000 for the original PlayStation, so there is speculation the series is about to be revived.

Other recent trademarks filed include Valkyrie Profile and Lenneth, which might indicate those games are to make their way to PS Plus Premium subscription.

Source: The Verge, PCMag, MP1ST

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