Game investments and M&A totaled $17.5B across 985 deals in 2024 | DDM

As the games industry moves on from “survive til 25,” 2024 games investment and M&A data revealed recovery and improvement, according to market analyst firm Digital Development Management (DDM). In order to properly compare 2024 to 2023, it’s important to remember that in Q4 2023 Microsoft acquired Activision Blizzard for $68.7 billion, the largest gaming M&A in history by over 5.4 times its nearest counterpart of Take-Two Interactive’s $12.7 billion acquisition of Zynga. Removing Microsoft’s acquisition as an outlier, 2024 was a stronger year totaling $17.5 billion across 985 in combined investments and M&As (+39% in value and +16% in volume compared to 2023’s $12.6 billion across 848 investments and M&As). This is particularly evident by dissecting 2024 in totality. DDM is the latest party to report on deals for games in 2024. Other data has already come in from Konvoy Ventures, Drake Star Partners, and Quantum Tech Partners. One thing unique about DDM is that it has a 2025 foreca ... Read full article.