Tech

Geoff Keighley Hints That More Big Acquisitions Are Going On

According to the report, the next game industry consolidation is underway, with one industry key figure claiming plans for several major acquisitions are in an advanced stage.

10, Rockstar’s parent company Take-Two revealed its intention to buy mobile game giant Zynga in a $12.7 billion deal – at its biggest ever. far in the game industry.

The following week, it was announced that Microsoft plans to acquire Activision Blizzard in a deal worth $68.7 billion, giving Xbox exclusive ownership of franchises including Call of Duty, Warcraft, Overwatch, Crash Bandicoot and Guitar Hero.

And on Monday, Sony Interactive Entertainment (SIE) revealed it would acquire Destiny studio and Halo creator Bungie in a $3.6 billion deal.

Discussing industry consolidation on Tuesday, influencer Geoff Keighley hinted that more big deals could be announced sooner rather than later.

The Game Awards creator tweeted: “Heard from many: As you might suspect, there are a few other major video game deals in the final stages of negotiations. It will be an exciting year! ”

Following the announcement of the Bungie deal, SIE boss Jim Ryan confirmed that the company intends to make more acquisitions.

“We should absolutely expect more,” he told GamesIndustry.biz. “We are by no means complete. With PlayStation, we have a long way to go.”

According to research by investment banking firm Drake Star (via GI.biz), mergers and acquisitions in games will hit a record $85 billion in 2021, triple the value of the previous year.

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The source: https://www.videogameschronicle.com/news/geoff-keighley-suggests-more-big-video-game-acquisitions-are-on-the-way/

https://www.thetechgame.com/News/sid=32617/geoff-keighley-suggests-more-big-acquisitions-are-on-the-way.html Geoff Keighley Hints That More Big Acquisitions Are Going On

Emma Bowman

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