Activision, Zynga Takeovers Could Be Just the Start of Gaming Consolidation

Activision Blizzard headquarters at the Pen Factory office in Santa Monica, California.Photographer: Bing Guan/Bloomberg

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By Katie Roof

August 3, 2022 at 6:53 PM UTC

This article is for subscribers only.

Hi, it’s Katie in Los Angeles today. In today’s Deals newsletter, I’ll be touching on video game deals, an area of M&A that has been white hot this year. Elsewhere, Twitter keeps sending out those subpoenas and we also have some new private transactions from Thoma Bravo and Apollo.

Today's top stories

I’ve been living in Los Angeles since last month, taking a breather from San Francisco where I was holed up for the pandemic. Before the tech scene migrated down here, it had always been a hub for video game companies and interactive entertainment. While LA's big E3 trade show was missing in June, the scene is still busy, especially when it comes to M&A activity. Some of the largest video game deals of all time have been announced this year and I spoke with a couple of top bankers in the area to learn about what’s driving the rush.—Katie Roof