Topic summary
CDE Entertainment
Extracted from the Wikipedia article Embracer Group.
Holding rebranded as Embracer Group and rapid growth (2019–2022)
In May 2022, Square Enix and Embracer Group entered into an agreement for the latter to purchase Crystal Dynamics, Eidos-Montréal, and Square Enix Montreal, alongside intellectual properties like Tomb Raider,Deus Ex,Thief, and Legacy of Kain, for $300 million. The acquisition was closed by August 2022 and the assets transferred to CDE Entertainment. Square Enix Montréal was briefly rebranded as Onoma but closed in November 2022 in a cost reduction measure. Additionally, Embracer Group created the Embracer Group Archive video game preservation effort in May and established its eleventh operative group, Freemode, from C77 Entertainment, Game Outlet Europe, Grimfrost, Quantic Lab, and the newly purchased Bitwave Games, Clear River Games, Gioteck, and Tatsujin. The latter was subsequently expanded with the acquisitions of Limited Run Games, Singtrix, and Middle-earth Enterprises, which owns the media rights for The Lord of the Rings and The Hobbit.