In 2022, the global games industry set a new record for the number and value of closed or announced deals. All thanks to Microsoft’s historic bid to acquire Activision Blizzard, but there have been a few other noteworthy investments as well.

In the first nine months of 2022, 976 deals were announced or closed across the games industry globally. Here are some key takeaways from Drake Star’s latest report, including the top 15 largest M&A deals this year.

Unprecedented consolidation of the games market continues. According to the latest report by Drake Star Partners, game companies have already raised $71 billion in 844 deals so far this year, which is double the full dollar amount from 2020.