Overview

• 2023 witnessed gaming M&A activity reach $76.7 billion, largely driven by Microsoft's acquisition of Activision Blizzard.
• Investment transactions in the gaming sector decreased by 69% year-over-year, marking the lowest level in seven years.
• The industry is expected to face layoffs, closures, and divestitures as it adjusts to post-pandemic normalcy.
• Saudi Arabian and venture capital investments may offer some optimism for future deal flow.
• China's continued gaming restrictions and economic pressures are likely to impact the sector's growth.