Drake Star Partners has data on investing in Q1 2023 for gaming.
Drake Star Partners has data on investing in Q1 2023 for gaming.
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Public game company stock prices rise in Q1 but acquisitions fall | Drake Star

  • Posted byby Dean Takahashi
  • Updated
  • 4 min

Stock prices rose for publicly traded game companies in the first quarter and could help revive a weak acquisition market, according to a report by Drake Star Partners. But the scale of that weakness became clear in Q1 as the total number of acquisitions fell 43% from 76 deals in Q4 to 43 in Q1.

Making sense of these numbers is one of the aims of GamesBeat Summit 2023, our game conference happening May 22-23 in person in Los Angeles and May 24 online. (You can get 40% off the ticket price with this code: GBSDEANNEWS).

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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.