Acquisitions by companies in the gaming space hit a high in 2021, surpassing the full-year totals of each of the past five years, Crunchbase data shows.
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The pickup of M&A activity comes as gaming companies experienced record usage over the past year or so. With the COVID-19 pandemic, consumers of all ages spent extra time at home and more hours playing games.
From a broader market perspective, there’s been an advancement of high-value digital assets that exist virtually, such as cryptocurrency and nonfungible tokens, according to Jed Strong, CEO of gaming-focused payments platform Tiv, …
