After kicking off 2022 with two mega-acquisitions, the gaming industry is poised to hit a new record of $150 billion in mergers and acquisitions, financing, and initial public offerings (IPOs) this year, according to the investment bank Drake Star Partners, which serves companies like Codemasters and Echtra Games.
That helped this year’s total transaction value approach the record $85 billion of 2021 when more than 1,159 deals were announced or closed.
In Asia, Tencent, ByteDance, Netease Krafton, and Sony are on the investors’ radar.
With that, Metzger also predicts that the number of startups in the industry turning into unicorns, that is, being valued at more than $1 billion, is likely to break records.
In IPOs, EPIC Games and Discord are the names to watch out for.
(Translated by LABS)