Tokio/Montreal – Square Enix sold three of its development studios outside of Japan: Eidos Interactive, Crystal Dynamics und Square Enix Montreal. Actually for a “card steal”, for only 300 million US dollars. That’s how Swedish Embracer Group got developer talent and intellectual property like Tomb Raider, Legacy of Kain, Thief and Deux Ex. – Is there a plan behind it?
Why did Square Enix sell such weighty brands as Tomb Raider? The founder of Eidos Montreal, Stephane D’Astous, hinted in an interview as to why Square Enix sold the 3 development studios for what seemed a low price. It seems like it has something to do with PlayStation. The company reorganizes itself taken over by Sony to become?
Next PlayStation deal: Is Square Enix ready to take over?
“Reading between the lines, Square Enix Japan wasn’t as committed as we originally hoped,” po D’Astous to games industry. “There are obviously rumors that Sony would really like to have Square Enix on board with all this merger and acquisition activity. I’ve heard rumors that Sony said they’re really interested in Square Enix Tokyo, but not the rest.”
The Eidos Montreal founder compared the Embracer deal to Gearbox’s. The Borderlands developer was acquired in a deal worth $1.3 billion. Like Eidos, this is a company with around 1,000 employees. As he goes on to say, “Eidos has five times as many IPs” (brands).
Final Fantasy is already pretty much a PlayStation exclusive
What’s left of the cake? Square Enix, based in Tokyo (Japan), has other video game franchises such as Dragon Quest, Life is Strange, Just Cause or Kingdom Hearts in addition to Final Fantasy. And of course there’s Forspoken when it’s not being postponed.
What if… Square Enix is acquired by Xbox. In late 2020, there was a report that Microsoft’s gaming division was putting out its billion-dollar feelers to Japan. So far, Japan has been in the firm hands of Sony and Nintendo, but that could change if developers/publishers like Square Enix, Koei Tecmo or even SEGA are taken over and moved under the Xbox Game Studios banner.
Sometimes it’s just theses and rumours, but over the past few months we’ve seen that takeovers in the dizzying billions are not uncommon.