Data Points: Top 10 M&As in Video Games Q4 2023
Source: DDM Games Investment Review Executive Summary Report Q4 + Annual 2023
Top 10 M&As in Video Games Q4 2023:
- Activision Blizzard
- CoreWeave
- nDreams
- Improbable (The Multiplayer Group asset)
- Playsimple Games
- Shift Up
- Snowprint Studios
- System Era Softworks
- Fall Damage
- Digital Eclipse
Q4’s $69.9B M&As Propelled by Microsoft’s Acquisition of Activision Blizzard
Q4 2023 M&As totaled $69.9B across 42 transactions (+1037% in value and a +36% in volume compared to Q3’s $6.1B across 31 transactions); this 11x increase in value was due to Microsoft’s $68.7B acquisition of Activision Blizzard which represented 98% of the quarter’s value which is not only the single largest transaction in video games history but pushed 2023 to be greater than the last two years of M&As combined.
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