Square Enix sells off $300 million in IP and studios to invest in blockchain
The Japanese video game company Square Enix, which is behind popular titles such as Final Fantasy, Kingdom Hearts and Dragon Quest, signed a deal Monday to sell off some of its intellectual property and studios in order to fund new blockchain, AI and cloud investments. Swedish gaming firm Embracer is paying Square Enix $300 million for two North America-based studios, Crystal Dynamics and Eidos Interactive, and the popular game series Tomb Raider, Deus Ex, Thief and Legacy of Kain, among …