Game On – Money is Still Awash in the Gaming Space Despite the Broader Downturn

Although there are some indications of a slowdown coming to the gaming industry, the market for deals and financing has remained frothy, according to a new report from Drakestar Partners.

Total number of deals.  Per the report, there were 651 gaming M&A or financing deals announced or closed in the first half of the year, totaling more than $107B.

Some other highlights from the report:

  • The $107B figure includes Microsoft’s $69B bid for Activision and Take-Two’s purchase of Zynga
  • Announced gaming deal numbers:
    • 60 in Q2 2022
    • 74 in Q2 2021
    • 47 in Q2 2020 (for comparison)

Blockchain games stand out.  More than half of the investment in early-stage companies — over $2.2B — went to blockchain and NFT startups, per the report.

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