Saints Row Developer Volition Closes as Part of Embracer Group Restructuring
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Saints Row Developer Volition Closes as Part of Embracer Group Restructuring

Despite the launch of Starfield, today is a sad day for the video game industry. At a time when we see more and more companies developing games, it is always bad news to see some of them leave the industry. Volition, the company behind games like Saints Row and Red Faction, is closing its doors….

Deus Ex and Thief developer Eidos Montreal updates terms of service and privacy policy
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Deus Ex and Thief developer Eidos Montreal updates terms of service and privacy policy

Eidos Montreal has updated its terms of service and privacy policy. In a brief statement on the company’s website, Eidos Montreal explained that the primary change is that they are now the owner of the games that they have developed, including Deus Ex and Thief games. In turn, this means that they now control the…

Embracer Group now owns Crystal Dynamics, Eidos Montréal, Tomb Raider, and more
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Embracer Group now owns Crystal Dynamics, Eidos Montréal, Tomb Raider, and more

Embracer Group has completed its acquisition of three studios from Square Enix along with a number of major IPs including Tomb Raider and Deus Ex. It’s official. Square Enix has officially sold off Crystal Dynamics, Eidos Montréal, Square Enix Montréal. The sale also includes major IPs like Tomb Raider, Deus Ex, Thief, Legacy of Kain, and more…

Crystal Dynamics to continue work on Perfect Dark after Embracer Group acquisition
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Crystal Dynamics to continue work on Perfect Dark after Embracer Group acquisition

The Initiative confirms that Crystal Dynamics will continue to work on the next Perfect Dark. Earlier today, we reported that Embracer Group is buying Crystal Dynamics. It’s a deal worth $300 million that includes IP like Tomb Raider, Deus Ex, and Thief. However, the deal left open the question of Crystal Dynamics’ involvement with the…

Embracer Group buys Crystal Dynamics, Tomb Raider, Deus Ex, Thief IPs for $300M
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Embracer Group buys Crystal Dynamics, Tomb Raider, Deus Ex, Thief IPs for $300M

Embracer Group has purchased several studios and IPs from Square Enix. The deal includes Tomb Raider, Deus Ex, and Thief among other franchises. In what can only be described as a steal, Embracer Group is buying three studios and a bunch of video game IPs from Square Enix for $300 million. The deal includes the…

Gearbox and Embracer Group complete $1.3 billion merger
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Gearbox and Embracer Group complete $1.3 billion merger

The merger of Gearbox and Embracer Group is complete, the companies announced today. Embracer Group and Gearbox announced the $1.3 billion deal in February. Gearbox joins THQ Nordic, Koch Media, and Saber Interactive under the Embracer Group umbrella. With the merger complete, Embracer now has a catalog of more than 240 franchises and more than 7,000 employees around…

Embracer Group acquires Borderlands developer Gearbox in $1.3B deal
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Embracer Group acquires Borderlands developer Gearbox in $1.3B deal

Embracer Group is acquiring Gearbox Entertainment as a wholly-owned subsidiary. The deal is worth up to $1.3 billion and provides Gearbox with access to capital for future projects and studio growth. Embracer Group is headquartered in Sweden. Its subsidiaries include THQ Nordic, Koch Media, and Saber Interactive with over 200 franchises and more than 5,500 employees worldwide….