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The Future of Square Enix Following $300m Studio Sale

In a sudden deal, Square Enix has moved to sell its western studios and several top-tier IPs to Embracer Group. This deal comes with a $300m price tag, with Square Enix claiming that the proceeds will be used to fund investments into blockchain, AI, and cloud-based technology. As a part of this monumental sale, Embracer Group will now own the rights to the likes of Deus Ex, Tomb Raider, Thief, and the Legacy of Kain.

As a result of this sale, Square Enix will part ways with more than fifty iconic titles, and more than 1,000 developers. However, this acquisition will bring $300m into the coffers of Square Enix, and reportedly, that money will be used to finance investments into blockchain technology. In a statement, the CEO of Embracer Group, Lars Wingefors, had nothing but good things to say about the deal:

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