This means Square will retain publishing rights to IP including Life Is Strange,Just CauseandOutriders.
The deal transfers around 1,100 staff to Embracer and more than 50 back-catalogue games.
Embracer held an hour-long livestream to detail the announcement, which you could watch in fullhere.
Squeenix reallylove the blockchain.
Not a week seems to go by without Embracer living up to their name and buying another studio.
Last week it was the turn ofPerfect World Entertainment, publisher of MMOs likeStar Trek OnlineandNeverwinter.
Before that it wasLost Boys Interactive, and just a week earlier Embracer nabbedBeamdogthrough their subsidiaryAspyr Media.
Embracer said inMarch last yearthat they were engaged with more than 150 companies about becoming part of their group.
