Gaming M&A hit a record in 2022, thanks to the Activision Blizzard deal.
Gaming M&A hit a record in 2022, thanks to the Activision Blizzard deal.
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Gaming sees record year for deals with $127B in value | Drake Star

  • Posted byby Dean Takahashi
  • Updated
  • 5 min

Gaming saw 1,320 announced and/or closed deals for mergers and acquisitions as well as investments, with deal values hitting $127 billion, according to a report by Drake Star.

Drake Star said in its Global Gaming Industry Report that M&A deal value grew to $102.3 billion, a three times increase in value over 2021, said Michael Metzger, partner at Drake Star, in an interview with GamesBeat. It was a year of both records as well as dashed hopes, as the economic downturn took its toll in Q4.

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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.