Square Enix to sell ‘Tomb Raider’ to Sweden’s Embracer

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Reuters UK

By Sam Nussey TOKYO (Reuters) -Japanese gaming company Square Enix will reduce its developer presence in the West with the sale of the studios behind franchises “Tomb Raider”, “Deux Ex” and “Thief” to Sweden’s Embracer Group for $300 million. The latest of a series of deals in the video games industry, the sale announced on Monday includes studios Crystal Dynamics, Eidos-Montreal and Square Enix Montreal, affects 1,100 employees and is expected to close in the July-September quarter. Square Enix, whose major franchises include “Final Fantasy” and “Dragon Quest”, said the proceeds will be used …

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