iGB_Esports-report-2023 | Page 18

2022 was a record year for investment

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Esports report 2023 Esports & gaming deals

ESPORTS & GAMING DEALS

2022 was a record year for investment
ANALYSTS AT esports and gaming-
some of the biggest M & A deals of all
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focused investment bank Drake Star called 2022 a “ record year ” for investments , consolidation and diversification .
As of 30 September 2022 , the esports and gaming industry had already witnessed $ 123bn in deals across 976 transactions , surpassing the figure of $ 85bn across 1,159 transactions made in the whole of 2021 .
Consolidation
Much of this has been the result of mergers and acquisitions . Drake Star said the first half of 2022 has seen
time , such as Microsoft ’ s announced ( but not yet closed ) $ 69bn acquisition of Activision *.
According to the data , as of Q3 , there is already $ 102bn in announced or closed M & A deals across mobile , PC / console and esports . Meanwhile , approximately $ 11.5bn was raised in public markets and $ 9.6bn was raised in private investment rounds , with $ 2.1bn of these deals being made specifically in esports .
According to David Harris , managing director of esports and entertainment investment firm
* The US Federal Trade Commission has reportedly sued to block Microsoft ’ s acquisition of Activision Blizzard on the grounds that the deal would threaten competition within the gaming industry .
Esports report 2023