Square Enix Embracer deal explained: Who gets what?

Square Enix’s new deal with Embracer Group is shaking up its properties, so here’s where the biggest Western IPs are going.

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What is Embracer Group?

Embracer is a Swedish video games holding company, originally formed out of Nordic Games. It’s now the parent company of THQ Nordic, Gearbox, Deep Silver, and over 100 developers around the world.

Tomb Raider - Embracer

Tomb Raider is the most notable IP being sold to Embracer, with the franchise now having sold over 83 million copies.

Deus Ex - Embracer

Eidos Montrea’s Deus Ex series is going to Embracer. The franchise was “put on hold” after the 2016 release of Mankind Divided.

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Thief - Embracer

The last entry in Eidos Montreal’s stealth series was released in 2014.

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Embracer will now own Crystal Dynamics' lizard mascot.

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Legacy of Kain - Embracer

A new Legacy of Kain game hasn’t been released since 2003.

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Other IPs Going to Embracer

The sale also sees embracer gain a back-catalog of nearly 50 IPs, including Project Snowblind, Whiplash, and The Unholy War.

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Outriders - Square Enix

Square Enix is retaining the rights to Outriders, which has its Worldslayer expansion releasing on June 30, 2022.

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Just Cause - Square Enix

Square Enix is retaining the rights to Just Cause, developed by Avalanche Studios.

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Life Is Strange - Square Enix

Square Enix will also retain rights to the wildly successful Life Is Strange franchise.

Sleeping Dogs - Unknown

The cult classic hasn’t been mentioned by either company. A Sleeping Dogs 2 was shut down early in development.

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Marvel Games - Unknown

The fate of Square Enix’s Marvel games is unknown, as it likely comes down to the decision of the license holder, Marvel.

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