Instead, the money raised by the sale will be used to strengthen the company's core gaming business segment and realign its focus for its overseas consumers.
"We see a great potential, not only in sequels, but also in remakes, remasters, spinoffs as well as transmedia projects," the company says.
Embracer Group CEO Lars Wingefors says "a number of external approvals", which potentially includes licensers, are needed to close the transaction.
"It's not only Tomb Raider, it's also a number of very sizable AAA experiences in the pipeline, both based on beloved franchises that we will own as well as original IPs," says Embracer Group CEO Lars...
The two Marvel games lost Square Enix $200 million in a little under two years and were responsible for the sale of western studios to Embracer, according to an analyst.
The reboot trilogy has sold 38 million across its three games while Lara Croft: Relic Run and Lara Croft: Go had 53 million paid downloads overall.
Investments in blockchain, AI and the cloud along with better aligning its Tokyo organization and overseas publishing are some of the reasons.
"We will be continuing this work with them in their next chapter," The Initiative says following Embracer's announcement of the acquisition.
It's also purchasing IPs like Tomb Raider, Deus Ex, Thief, and Legacy of Kain, along with over 50 back-catalogue titles for $300 million.
Jane Foster's moveset and abilities "will have a lot in common" with that of Thor, with more details on her arriving later.
Jeff Ross has confirmed joining the team and said he's "thrilled with the project, and especially the team of really wonderful people."
Crystal Dynamics has confirmed that it's working on the next mainline instalment in the Tomb Raider series, and that it's using Unreal Engine 5.
Crystal Dynamics has suggested a workaround to avoid a new bug that's causing crashes for PS5 players- but using it will delete all of your campaign progress.
"We're taking some extra time on Patch 2.3 to ensure our new tuning and mission on-boarding are ready-to-go," Crystal Dynamics says.
Crystal Dynamics is also looking to improve the onboarding process for new players, primarily by bringing Nick Fury to the Helicarrier as a guide.
The Initiative previously worked with Certain Affinity till last year. Both teams were separate, as per VGC's Andy Robinson.
Speaking to trusted sources, Windows Central's Jez Corden provided more details on how The Initiative was set up and the conflicts that eventually emerged.
According to a recent report, "as much as half" of Perfect Dark's core development team at The Initiative has departed from the studio over the past year.
Dan Neuburger left last month and is the second major designer to leave the company since the project's announcement in 2020.
While Crystal Dynamics is still quite reluctant in sharing the next big Marvel's Avengers Roadmap, they have, however, given players a sneak peek on what to expect from the upcoming update 2.3.
