In Q2 2023, Savvy Gaming Group, which is owned by Saudi Arabias Public Investment Fund (PIF), bought Scopely for $4.9 billion. Sega bought Rovio for $775 million. The Web3 gaming industry grew a lot, and deals worth more than $6 billion were made public. Mobile gaming was the most popular with 12 deals, while blockchain gaming got a lot of attention with 7 deals. Team 17, Sony, and Keyword Studios were all involved. In Q3, experts expect there to be a lot more mergers and acquisitions (M&A), public market growth, and interest in private equity.
Mergers and Acquisitions Q2 2023: Savvy Gaming Group acquires Scopely for $4.9B, Sega buys Rovio for $775M. Web3 gaming sees $6B+ deals.
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