H1 2021 game deals reach $60bn – almost double the total investments in 2020

The first half of 2021 has seen “unprecedented deal activity” in gaming, with acquisitions, public offerings and the like reaching $60 billion.

That’s almost double the amount seen for all of 2020 ($33.6 billion), according to a report from investment bank Drake Star Partners.

635 deals have been announced and/or closed in H1 2021, 19 of which are considered “high value” deals of over $50 million. The majority of the total deals come from private placements (364), while the rest come from mergers and acquisitions (169), public financings (62) and IPOs (37).

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Mergers and acquisitions proved the most valuable, totalling $23 billion for H1. That’s followed by public financings at $16.4 billion and IPOs at $11.2 billion.

In terms of platforms, the PC and console space has seen the most mergers and acquisitions, at 51. Mobile comes in a close second with 44 M&A deals, followed by esports with 38.

Drake Star Partners nods to some high-profile recent acquisitions, such as EA’s $1.4 billion acquisition of Golf Clash developer Playdemic, as well as Take-Two’s acquisition of Top Eleven developer Nordeus.

By far this year’s biggest deal is Microsoft’s $7.5 billion acquisition of ZeniMax – a headline-grabbing deal that was first announced in September of last year, but was finalised this March. That’s followed by Bytedance’s $4 billion acquisition of Moonton Technology and EA’s $2.1 billion acquisition of Glu Mobile.

About Chris Wallace

Chris is a freelancer writer and was MCV/DEVELOP's staff writer from November 2019 until May 2022. He joined the team after graduating from Cardiff University with a Master's degree in Magazine Journalism. He can be found on Twitter at @wallacec42, where he mostly explores his obsession with the Life is Strange series, for which he refuses to apologise.

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