M&A slowed down for games in 2023.
M&A slowed down for games in 2023.
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Game M&A hit $11.8B in 2023, lowest since 2019 | Quantum Tech Partners

  • Posted byby Dean Takahashi
  • Updated
  • 6 min

Game industry mergers and acquisitions hit $11.8 billion in 2023, the lowest level since 2019, according to M&A advisory firm Quantum Tech Partners.

That was down from $106.4 billion in 2022, which was a record year thanks to Microsoft’s acquisition of Activision Blizzard, Take-Two’s purchase of Zynga, Unity’s purchase of IronSource, and Sony’s purchase of Bungie.

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Written by

Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.