The big events came in a pair this week as Microsoft completed its $7.5 billion acquisition of Bethesda. And user-generating game platform Roblox went public and ended its first day of trading at a valuation of $45 billion — valuable enough to be worth six Bethesdas.
Clearly, both events are great for the industry in different ways. But it’s interesting to argue with myself about which is really more important for the industry and those following it. I see it as a contest between a promising part of the industry, as represented by the potential of the user-generated content of Roblox, and the old part of the industry, where Microsoft’s purchase of Bethesda is a new step in consolidation.
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