developer Bungie. Investments accounted for $13.4 billion across 893 transactions, representing a 67.3 percent year-over-year decline compared to 2021, in part due to inflation and recession concerns, according to the report.
During the fourth quarter, mobile gaming had the largest number of deals compared to other categories like esports and AR/VR. Quarterly M&A activity in the mobile gaming sector included Chess.com’s $81.4 million acquisition of Magnus Carlsen’s Play Magnus and Playstudio’s $97.3 million purchase of Brainium Studios.
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Top gaming regulators in Pa. met with industry lobbyists before coming out against a casino competitorThe state Gaming Control Board, which previously took no position on the legality of skill games despite casino opposition, reversed course after their meeting with Parx Casino representatives.
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