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Square Enix Says Embracer Sale Will Help Fund Its Blockchain Investment

Square Enix has shed more light on its decision to sell its Western IP and game development studios to Embracer Group, as the Japanese company says the deal will help it further invest in blockchain and other technologies.

The deal, which is valued at $300 million, will see Crystal Dynamics, Eidos-Montreal and Square Enix Montreal also join Embracer Group’s portfolio of studios. IPs up for sale include Tomb Raider, Deux Ex, and Legacy of Kain, among others.

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