Eidos-sized risk
Square Enix's cash-in is Embracer's cash out
I don’t think Square Enix’s offloading of Eidos-related assets — North America studios and IP such as Tomb Raider and Deus Ex — for $300 million in cash to Embracer is directly related to its supposed positivity about blockchain.
The timing is more correlation than causation.
The fact is these are expensive studios (1,100 staff in 8 expensive locations)…
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