Embracer Group, a Swedish video game and media holding company, agreed to acquire Crystal Dynamics, Eidos-Montréal, Square Enix Montréal, three video game development studios, from Square Enix, a Japanese entertainment conglomerate, for $300m. "We are thrilled to welcome these studios into the Embracer Group. We recognize the fantastic IP, world class creative talent, and track record of excellence that have been demonstrated time and again over the past decades. It has been a great pleasure meeting the leadership teams and discussing future plans for how they can realize their ambitions and become a great part of Embracer," Lars Wingefors, Embracer Group CEO.