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Square Enix Closes $300 Million Sale of Western Studios to Bankroll Blockchain Pivot
7.5.2022
Square Enix, the influential Japanese gaming and publishing company, has sold its Western studios and some of its Western intellectual properties (IPs) to Embracer Group. The deal, which values these properties at $300 million, will allow the company to focus on the development of new businesses...
NFT Market Collapses Just As Square Enix Sells Tomb Raider To Bet Big On Blockchain
4.5.2022
You know what no one could ever have predicted? That a market based on imaginary ownership of infinitely duplicable jpeg images might not be end-game, long-term sustainable. As The Wall Street Journal reports, the NFT market is “flatlining,” down 92 percent from last September. Which makes it just...
Square Enix Will Hold On To A Few Western-Made Franchises
3.5.2022
Yesterday, Square Enix announced that it was selling its Western studios, like Crystal Dynamics—and much of the intellectual property (IP) connected to those studios, like the Tomb Raider franchise—to Swedish holding company Embracer Group for $300 million. But while this move seems to signal...
Tomb Raider's New Owners Have Been Snatching Up Old Series For Years Now
2.5.2022
The video game industry is undergoing a tidal wave of consolidation right now, and Swedish holding company Embracer Group is riding it to become one of the newest players in a rapidly shrinking space. A few years ago most people had never heard of it. Now it’s bigger than rivals like Ubisoft...
It's Time To Bring Back Deus Ex
2.5.2022
It’s been a long six years for Deus Ex fans, who’ve understandably been concerned that the long-dormant cyberpunk series would remain untouched. But today, in the cold, harsh light of an industry-shaking acquisition, we’re feeling…is it hope? This is what hope feels like, right?Read more
Despite Pandemic, Gaming CEOs Made An Obscene Amount Of Money In 2020
14.1.2022
In 2020, as the world grappled with a paradigmatic societal shift in the form of a globe-spanning pandemic, chief executives of the biggest gaming companies collectively brought home close to $1 billion. That’s according to a new report from market intelligence firm Games One, which collates...
GTA Publisher To Buy Farmville Maker Zynga For $12.7 Billion
10.1.2022
Take-Two, the publisher behind some of the biggest names in gaming like Grand Theft Auto and NBA 2K, today announced a deal to buy mobile game company Zynga for $12.7 billion. If the acquisition of the FarmVille creator goes through, it will mark the biggest sale in video game history.Read more
Video Game Publisher Wants To Buy Board Game Giant Asmodee For Over $3 Billion
16.12.2021
The Embracer Group, a collection of companies like Gearbox, THQ Nordic and Deep Silver, announced today that they’re in the process of trying to buy Asmodee, perhaps the single biggest name in specialist board gaming, for €2.75 billion (USD$3.1 billion).Read more
Embracer Group Buys Seven Studios, Including Duke Nukem's 3D Realms
5.8.2021
The Embracer Group, an enormous corporate blob encompassing publishers like Gearbox, THQ Nordic and Deep Silver, has just bought seven new studios, including 3D Realms (Duke Nukem) and Ghost Ship Games (Deep Rock Galactic).Read more
Valheim Was Made By 5 People And Sold Nearly 7 Million Copies
20.5.2021
It’s a good year to be a Viking. Embracer Group, the Swedish video game holding company formerly known as THQ Nordic, released a financial report today showing that early access game Valheim has sold 6.8 million copies so far, with Embracer expecting it to sell up to 8 million copies in total...
Gearbox Has Been Bought For $1.3 Billion
3.2.2021
Gearbox Studios, developers of games like Borderlands and also publishers of stuff like the new Homeworld titles, has been bought by Embracer Group, the same Swedish company that owns THQ Nordic and Koch Media.Read more