Biggest video game industry M&A buyers 2023
Tencent and its various subsidiaries were the top strategic buyers in terms of video game industry mergers and acquisitions in 2023, closing five public deals at a value of more than 1.58 billion U.S. dollars. Tencent's M&A activities were ranked first in deal volume but Savvy Games Group placed first in terms of gaming M&A deal value during the measured period. In 2023, the PIF-backed game company spent about 4.9 billion U.S. dollars in gaming-related mergers and acquisitions.