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Q3 game M&A strengthens for 4th straight quarter | Drake Star
Gaming merger and acquisition (M&A) deal activity increased for the 4th straight quarter during the September period with $2.5B in disclosed deal value.
Metzger added, “So far this year, private equity firms have been the top buyers, and we expect to see more significant PE deals alongside smaller tuck-in acquisitions from companies like Jagex/CVC and Keywords/EQT. Playtika’s acquisition of SuperPlay for $700 million at close ($1.95 billion including the full earn-out over time) was the largest deal of the quarter. Most active game investors in Q3 2024, part 2.Private equity firms have been a major consolidator this year (CVC/Jagex, EQT/Keywords), and Drake Star expects more acquisitions and take-private deals led by financial sponsors.
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