Microsoft’s plans to acquire Activision Blizzard for a whopping $69 billion is the latest sign that consolidation in the gaming industry isn’t going to slow down anytime soon.
for a whopping $69 billion is the latest sign that consolidation in the gaming industry isn’t going to slow down anytime soon.Convergence is at the center of this consolidation — hardware and software, mobile and PC, social networks and content, industry experts say.: Just in the last couple of years, the gaming industry has seen unprecedented activity in M&A, private financing and public listings.
In 2021 alone, there were more than 250 gaming deals at a total value of over $38 billion, according to Drake Star Partners. Gaming companies — which tend to trade at lower multiples — can be quite affordable for the tech giants, he adds. this week that the company sold because it was “starting to realize that we need thousands of people to be able to execute against our production plans … and that competition for that talent is expensive and really hard to come by."
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