Game M&A was up in Q2 while private game investments focus on early stage | Drake Star

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Gaming acquisitions and public market deals gained momentum in the second quarter of 2024, with the market showing signs of improvement, as reported by Drake Star Partners.

According to Michael Metzger, a partner at investment bank Drake Star Partners, Q2 saw 52 announced M&A deals with a disclosed deal value of $3.5 billion. This marks the third consecutive quarter of increased deal activity after hitting a low point in Q3’23 with only 33 deals. Private equity firms have been driving the majority of deals, especially in the case of larger acquisitions and taking companies private.

Looking ahead, Drake Star Partners anticipates continued strengthening of M&A activity throughout the rest of the year and into 2025, with a focus on mid- to small-sized deals and private equity firms being active buyers. The report also highlights the impact of AI on game development and the potential for further M&A activity in the sector.

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