Updated Mar 17, 2026 by Drake Star Partners
The global gaming industry reached a record $98.7 billion in total deal value in Q1 2022, surpassing the total deal value of the entire previous year.
Industry consolidation was driven by major acquisitions, including Microsoft’s $68.9 billion purchase of Activision Blizzard and Take-Two’s $11.8 billion acquisition of Zynga.
Strategic M&A activity is currently focused on cross-platform diversification, with PC and console giants aggressively acquiring mobile gaming expertise and established intellectual property.
Private investment reached $3.4 billion across 287 deals, with blockchain and NFT gaming securing $1.2 billion of that total, led by funding for Animoca Brands and Immutable.
Industry projections estimate that total deal volume for 2022 will exceed $150 billion, fueled by continued interest from Asian firms in Western studios and the expansion of decentralized gaming.
While public market valuations underwent a correction, private company valuations maintained an upward trajectory, supported by new venture funds from firms like FTX and Griffin Gaming Partners.
The global gaming industry reached a record $98.7 billion in total deal value in Q1 2022, surpassing the total deal value of the entire previous year.
Industry consolidation was driven by major acquisitions, including Microsoft’s $68.9 billion purchase of Activision Blizzard and Take-Two’s $11.8 billion acquisition of Zynga.
Strategic M&A activity is currently focused on cross-platform diversification, with PC and console giants aggressively acquiring mobile gaming expertise and established intellectual property.
Private investment reached $3.4 billion across 287 deals, with blockchain and NFT gaming securing $1.2 billion of that total, led by funding for Animoca Brands and Immutable.
Industry projections estimate that total deal volume for 2022 will exceed $150 billion, fueled by continued interest from Asian firms in Western studios and the expansion of decentralized gaming.
While public market valuations underwent a correction, private company valuations maintained an upward trajectory, supported by new venture funds from firms like FTX and Griffin Gaming Partners.