After kicking off 2022 with two mega-acquisitions, the video game industry is racing to a new record $150 billion in mergers and acquisitions, financing and initial public offerings (IPOs) this year, according to investment bank Drake. Star Partners.
In the first few weeks of 2022 alone, Microsoft offered nearly $70 billion for Activision Blizzard, while Take-Two Interactive offered $11 billion for Zynga.
That helped the total deal value this year approach a 2020 record of $85 billion, with more than 1,159 deals announced or closed. Last year’s number was almost three times higher than in 2020.
“We are in the midst of a large number of deals and the market is still very hot,” says Michael Metzger of Drake Star.
Some companies that haven’t made big moves so far — including Amazon and Netflix — should make new bets, Metzger said. In Asia, Tencent, Byte Dance, Netease Krafton and Sony are on the radar.
The value, volume and funding of private investments at or above the unicorn level (startups valued at $1 billion) are set to break records, with investments from the likes of Tencent and Netease.
In IPOs, EPIC Games and Discord are the names to watch out for, according to the company, whose clients include Codemasters and Echtra Games.
Source: CNN Brasil
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