In August, a greedy holding company known as Embracer Group snapped up several Square Enix studios as part of a $300 million deal. It gobbled up Crystal Dynamics, Eidos Montréal, and Square Enix Montréal in one bite and acquired the Deus Ex, Thief, Legacy of Kain, and Tomb Raider IPs. Square Enix Montreal is set to close, Bloomberg (opens in new tab) reports.

The studio behind "Hitman Go," "Lara Croft Go," and "Deus Ex Go" had just changed its name to Onoma in anticipation of the acquisition. The five-month process can be read in the studio's "Brand Story (opens in new tab)."

The "Go" series has been well received, and we gave "Hitman Go" a passing grade: However, the studio's focus on mobile has led it to abandon premium games in favor of free-to-play in the recent "Hitman Sniper: Shadows," "Tomb Raider Reload According to Bloomberg's Jason Schreier, Embracer is "in the midst of a major shakeup of its PC and console offerings at a conference today at 2 p.m. ET," with the company "looking to expand its presence on PCs and consoles. meeting, he informed staff that Onoma will be closed as the company will focus exclusively on PC and console games."

In a statement to Games Industry.biz (opens in new tab), Phil Rogers, director of Embracer's business group CDE Entertainment, said, "We see growth opportunities around our leading franchises and AAA games. We see an opportunity for growth around our top franchises and AAA games. Closing Publishing QA and Onoma Studios was a difficult decision and one made with great care and consideration. We greatly appreciate all of our team members for their contributions over the years and hope to find suitable placements for as many of them as possible."

Bloomberg's sources indicated that some of Onoma's staff will be transferred to Eidos Montreal after the closure.

Other recent Embracer acquisitions include the film rights to The Lord of the Rings, Tripwire Interactive, developer of Killing Floor, Tuxedo Labs, developer of Teardown, and the flashy physical versions of indie games released by Limited Run Games, among others.