All posts tagged: 11.8B

Game M&A hit .8B in 2023, lowest since 2019 | Quantum Tech Partners

Game M&A hit $11.8B in 2023, lowest since 2019 | Quantum Tech Partners

Are you looking to showcase your brand in front of the gaming industry’s top leaders? Learn more about GamesBeat Summit sponsorship opportunities here.  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. The deal count was down 43% in 2023 compared to a year earlier while transaction value was down considerably as well. Other analysts at Drake Star Partners and InvestGame have also published their 2023 numbers. Most agree that it was a pretty weak year for deals of all kinds. Savvy Gaming Group accounted for much of that amount with its $4.9 billion acquisition of mobile game maker Scopely, followed by Goldman Sachs’ $1.7 billion acquisition of Kahoot, Tencent’s $1.6 billion purchase of Techland, Aristocrat’s $1.2 billion purchase of Neo Games, and Sega’s $775 million purchase of …