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Square Enix Says Embracer Acquisition Enables It To Invest More In Blockchain, AI And The Cloud

Square Enix shared some of the reasons behind decided to sell Crystal Dynamics, Eidos-Montréal and Square Enix Montréal to Embracer Group, said the transaction will allow the company to invest more in blockchain, AI and the cloud.

Square Enix reveals the purpose of the transaction in carry out the share transfer agreement with the document changing to a subsidiary, said it will assist the company in “adapting to ongoing changes in the global business environment by establishing more efficient resource allocation, which will enhance business value by accelerate growth in the Company’s core businesses in digital entertainment.”

In addition, the Transaction enables the launch of new businesses by continuing to invest in areas including blockchain, AI, and the cloud.

This news follow Square Enix’s 2022 New Year’s letter, Yosuke Matsuda, focuses on the company’s growing focus on NFTs, blockchain games, and the metaverse. Matsuda also reiterates his interest in blockchain games in April 2022.

This transaction will grant Embracer Group access to IPs like Tomb Raider, Deus ExLegacy of Kain, Thief, and more, will “provide an opportunity to better align our overseas publishing function with our organization in Tokyo.”

Going forward, “Square Enix’s development function will include studios in Japan, Square Enix External Studios, and Square Enix Collective. The company’s overseas studios will continue to publish franchise series such as Just Cause, Outriders and Life Is Strange.”

Every game Square Enix in development

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