Tomb Raider, Deus Ex

Tomb Raider, Deus Ex, and Legacy of Kain Franchises Sold by Square Enix

Thirteen years after acquiring Eidos Interactive, Square Enix has divested itself of the development group, along with several key franchises including Tomb Raider, Deus Ex, Thief, and Legacy of Kain. The new owner: Embracer Group, which is already the parent company of THQ Nordic, Gearbox, and Saber Interactive, with a total of 111 studios under its umbrella.

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Despite the high profile of some of the Eidos Interactive franchises, its sale price is modest when compared to the eye-watering figures that Microsoft and Sony have recently spent on Activision Blizzard and Bungie respectively. The deal will see Embracer acquire Crystal Dynamics, Eidos-Montréal, and Square Enix Montréal for approximately $300 million US. The deal is expected to close between July and September this year.

Most recently, the Eidos studios have moved away from their original IPs. Eidos-Montréal handled Guardians of the Galaxy, while Crystal Dynamics was responsible for Marvel’s Avengers and is currently assisting Microsoft studio The Initiative with Perfect Dark (though it is also working on a new Tomb Raider).

Despite dropping its Western internal studios, Square Enix retains its publishing branch and ownership of several externally developed franchises, including Just Cause, Outriders, and Life is Strange.

In the press release announcing the news, Square Enix indicates that the sale “enables the launch of new businesses by moving forward with investments in fields including blockchain, AI, and the cloud.”


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Damien Lawardorn
Editor and Contributor of The Escapist: Damien Lawardorn has been writing about video games since 2010, including a 1.5 year period as Editor-in-Chief of Only Single Player. He’s also an emerging fiction writer, with a Bachelor of Arts with Media & Writing and English majors. His coverage ranges from news to feature interviews to analysis of video games, literature, and sometimes wider industry trends and other media. His particular interest lies in narrative, so it should come as little surprise that his favorite genres include adventures and RPGs, though he’ll readily dabble in anything that sounds interesting.