Tomb Raider publisher sells iconic video game franchise to invest in blockchain

Source: CNBC

“The iconic Tomb Raider video game franchise is being sold by its Japanese publisher Square Enix as part of a $300 million deal. Square Enix said Monday it will offload three of its game development studios — Eidos Interactive, Crystal Dynamics and Square Enix Montreal — to Swedish firm Embracer Group. Embracer will also acquire the intellectual property for Tomb Raider and three other game series, including Deux Ex, Thief and Legacy of Kain. Square Enix said it is selling the assets to cut down on costs amid a challenging global business environment and invest in new technologies like the blockchain.” (05/03/22)