Square Enix wants blockchain tech more than it wants Tomb Raider

As of today (May 2), Tomb Raider is officially under new management. Square Enix, which had been publishing TR games since 2010, has sold off three major Western studios, as well as at least four major franchises, to a company called Embracer Group. What’s more: Square Enix did this specifically because it wanted to free up more money to invest in blockchain technology. The deal will net Square Enix $300 million altogether.

To learn about the acquisitions firsthand, you can check out a press release from Embracer Group (opens in new tab)as well as a share transfer agreement from Square Enix (opens in new tab). The bottom line is that Square Enix sold three of its studios to Embracer: Crystal Dynamics, Eidos-MontrĂ©al and Square Enix MontrĂ©al. Embracer has also acquired the rights to the Tomb Raider, Deux Ex, Thief and Legacy of Kain franchises, along with “more than 50 back-catalogue games from Square Enix.”

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