Embracer Group has dropped a big but not unexpected bomb. It’s no secret Square Enix hasn’t been too complimentary of sales performances and certain developers under their helm. As a result, Embracer has entered into an agreement to acquire a ton of IPs and developers from Square Enix. You can read the details from the press release below.
Pending regulatory approval, the deal is expected to close during the second quarter of Embracer’s financial year in July-September of 2022. Co-founder and Group CEO of Embracer Group, Lars Wingefors released a statement on the news.
What are your thoughts on these acquisitions from Embracer Group?