Japan-based game development and publishing firm Square Enix, known for Final Fantasy, Kingdom Hearts and more, continues to make new moves. At this point, Sweden-based Embracer Group had acquired Crystal Dynamics, Eidos Montreal and Square Enix Montreal studios from Square Enix. This sale included the rights to more than 50 games such as Tomb Raider, Deus Ex, Thief, Legacy of Kain. Now, Square Enix says it wants to sell shares of its existing studios to improve its capital efficiency.
Speaking on the subject, David Gibson made various statements. He said: “The sale of Crystal Dynamics and Eidos to Embracer Group is the 1st plan for Square Enix. Now, the 2nd plan has been passed and it is planned to increase capital efficiency at this stage.
Game development now costs more. Now it is necessary to be more selective about the studio and the expansion should be done as planned. Square Enix wants to acquire more studios and sell shares of its existing studios.” Gibson notes that share sales are necessary for Square Enix and that he doesn’t have enough money to meet his needs.
1) Crystal Dynamics/Eidos (CD/E) sale was driven by concerns that the titles cannibalized sales of the rest of the group and so it could improve capital efficiency
— David Gibson (@gibbogame) August 5, 2022
