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DDM: Gaming investments reached $2.2bn during Q1

The quarter saw M&A activity hit $2 billion cross 41 transactions

Digital Development Management (DDM) says gaming investments hit $2.2 billion in Q1.

The newest report reveals that this figure was reached across 178 transactions.

By comparison, last year, the quarter saw gaming investments total $755 million.

Disney's $1.5 billion investment in Epic Games contributed to 67% of the division's total.

Meanwhile, M&A activity during the quarter grew 382% year-on-year to $2 billion via 41 deals.

Goldman Sachs, General Atlantic, Kirkbi, and Glitrafjord's acquisition of Kahoot commanded the lion's share of the segment's value. The $1.6 billion transaction comprised 76% of acquisition totals during Q1.

When assessing Q1's investment and M&A activity, DDM acknowledged the current economic downturn and industry redundancies.

It said, "Despite game industry layoffs and business turmoil, investments and M&As show a return to cautious growth."

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Jeffrey Rousseau avatar
Jeffrey Rousseau: Jeffrey joined in March 2021. Based in Florida, his work focused on the intersectionality of games and media. He enjoys reading, podcasts, staying informed, and learning how people are tackling issues.
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