Square Enix to sell Tomb Raider franchise and invest in new initiatives such as blockchain

2022.05.03 22:08

Square Enix to sell Tomb Raider franchise and invest in new initiatives such as blockchain

In a statement published on Monday, Japanese video game publisher Square Enix announced that it would be divesting its popular franchise for $300 million and investing the proceeds into blockchain, artificial intelligence (AI) and cloud computing technologies.

The principal developer of is Square Enix’s subsidiary Crystal Dynamics, which generated $92 million in revenue in its fiscal year ending March 2021. Aside from , Crystal Dynamics and Eidos Interactive, another subsidiary to be divested, hold intellectual properties for titles such as , and

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