People view video screens at the Square Enix booth at the E3 Electronic Expo in Los Angeles, California, U.S. June 14, 2016. REUTERS/Lucy Nicholson/Files
TOKYO (Reuters) -Japanese gaming company Square Enix will reduce its developer presence in the West with the sale of the studios behind franchises "Tomb Raider", "Deux Ex" and "Thief" to Sweden's Embracer Group for $300 million.
The latest of a series of deals in the video games industry, the sale announced on Monday includes studios Crystal Dynamics, Eidos-Montreal and Square Enix Montreal, affects 1,100 employees and is expected to close in the July-September quarter.
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