Gaming Acquisitions and Mergers Set to Rise in 2024

Investment firm Drake Star predicts that video game acquisitions and buyouts will continue in 2024, with major players like Tencent, Sony Interactive Entertainment, Take-Two Interactive, and Savvy Games Group expected to make significant investments. While Sony's operating income has been affected by previous acquisitions, Tencent has a stable gaming empire and prefers buying parts of companies rather than whole acquisitions. Savvy Games Group, funded by the Saudi Arabian wealth fund, is also expected to expand through buyouts. Take-Two Interactive, with its diverse portfolio of divisions and publishing labels, may be less likely to make further acquisitions given its current slate of upcoming games.