In 2023, the value of closed game mergers and acquisitions hit a record of $86 billion, according to the Drake Star Global Gaming Report 2023. But deal activity for both acquisitions and fundings was mixed at the end of the year.
Most of the $86 billion in value came from the closing of Microsoft’s $68.7 billion acquisition of Activision Blizzard. That deal, delayed by regulatory challenges, reflected the gung-ho financial environment of 2022. But deals launched in the fourth quarter of 2023 were a lot less exuberant.
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