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Game M&A hit $11.8B in 2023, lowest since 2019 | Quantum Tech Partners
Game industry mergers and acquisitions hit $11.8 billion in 2023, the lowest level since 2019, according to Quantum Tech Partners.
While Microsoft closed its $68.7 billion acquisition of Activision Blizzard in October 2023, Quantum Tech Partners counts when the deal (January 2022) was announced for the attached year. We can expect this success to continue as indies tap their own creativity, ability to move fast, and access to quality development and live ops tools, Soltys said. Soltys believes that the market could still recover more in 2024, as the feared recession hasn’t yet materialized and the Federal Reserve may eventually start lowering interest rates, which have had a bad cascading effect on venture capital investments.
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