Embracer is now formally the proprietor of Crystal Dynamics, Eidos-Montreal, Square Enix Montreal, and quite a few franchises together with Deus Ex, Thief, and Tomb Raider.

Square Enix agreed to promote these property to the Swedish conglomerate in May 2022 for $300 million, and Embracer has introduced that the deal has lastly been accomplished.

Curiously, shortly after promoting off a few of its most high-profile franchises and studios, Square Enix began laying out plans to “domesticate” new franchises and broaden its manufacturing capabilities by forming new studios and pursuing M&A alternatives.

Embracer, in the meantime, seemingly has large ambitions for the newest members of its ever-expanding online game household. Earlier this 12 months, the corporate mentioned it can greenlight “remakes, remasters, spinoffs” and transmedia initiatives primarily based on its new properties.

Prior to that, Embracer CEO lars Wingefors mentioned the deal will enable Embracer’s newly-acquired studios to proceed their “observe document of excellence,” whereas additionally serving to the Swedish firm make additional headway inside the triple-A phase.

Embracer hasn’t rested on its laurels since placing that deal with Square Enix. Earlier this month, the corporate shared particulars of a latest spending spree that noticed it purchase the rights to The Lord of the Rings and The Hobbit and buy a mess of studios and sport corporations together with Tripwire Interactive and Tuxedo Labs.

Although the costs of these particular person offers weren’t disclosed, Embracer famous that the mixed price of its splurge was roughly $788 million.