The hottest year for M&A in the video game industry has gotten hotter
Activision Blizzard for $68.7 billion.
Now, with this deal, total M&A dollar value in the video game industry has already surpassed the record-breaking year of 2021… and we’re only a month into 2022.
The Sony deal for Bungie, valued at $3.6 billion, keeps Sony as the world’s top video game company.
Jim Ryan, CEO of Sony Interactive Entertainment said, “Bungie has created two of gaming’s most iconic franchises, Halo and Destiny, and has deep expertise in bringing incredible immersive experiences at great scale to the community through games that evolve and develop over time, and has a hugely impressive roadmap for future content…
“It’s that expertise coupled with the highly engaged PlayStation community that makes this partnership such an incredibly exciting addition.”
With the video game industry growing at breakneck speeds, it’s no surprise to see big gaming companies like Sony, Microsoft and Take-Two acquiring the valuable assets they’ve already targeted this year.
This “growth by acquisition” strategy means nearly any attractive asset, public or private, could be targeted next. Investors in smaller game-tech companies, game publishers and developers could be big winners should their assets get acquired.
Read more about the Sony acquisition of Bungie, HERE
Or discover potential acquisition targets, HERE
Source: https://fortune.com/2022/01/31/bungie-studios-sony-playstation/