Embracer Group is now the official owner of Square Enix. Or, at least, the western arm of the Japanese company that sold it off back in May.
Embracer confirmed in a press release that it has completed its acquisition of Square Enix Montreal, Crystal Dynamics, and Eidos-Montreal.
Here's what Embracer had to say about the completion of the buyout: All conditions for the transaction, including regulatory approvals, have now been fulfilled and the transaction may be completed. Embracer has, therefore, today completed the acquisition. One of the biggest reasons why Square Enix sold off its western subsidiaries is funding. The company no longer sees its foreign IPs as worthy of investing in. Case in point, Square Enix thought that the GOTY-nominee, Marvel's Guardians of the Galaxy, was a disappointment.
The company has made similar statements about other games since and further in the past like Outriders and even Shadow of the Tomb Raider. But, now that Embracer owns Deus Ex, Thief, Legacy of Kain, Tomb Raider, and more, we're curious to find out just what exactly it is planning to do.
