Embracer Group has entered into an agreement to acquire Crystal Dynamics, Eidos-Montréal, Square Enix Montréal, and a "catalogue of IPs including Tomb Raider, Deus Ex, Thief, Legacy of Kain and more than 50 back-catalogue games from Square Enix Holdings" for $300 million.
https://www.ign.com/articles/embrac...re-enix-montreal-and-more-tomb-raider-deus-ex
Appears things will be looking up for these studios that have been languishing under Square Enix's control. $300 million is quite the steal for these studios and included IP.
Supposedly Square Enix will be using the proceeds to invest in NFT garbage.