Gaming Industry Saw $51.5B in Investments, M&A Activity Last Year

📆 2023/02/16 22:00:00
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The sales activity — driven by transactions like Take Two Interactive's acquisition of Zynga — fell below the record set in 2021, according to a report from DDM Games.

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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