PLTK - Record 2021 videogaming deals already near double 2020's total

Brothers91/E+ via Getty Images Deals in the videogame industry surged to a record $60B in the first half, according to investment bank Drake Star Partners. More than 635 deals announced and closed in the first part of 2021, and the amount of money going into game acquisitions, investments and public offerings so far is nearly double the amount for full-year 2020, the bank says. On just the M&A front, a summary of the deals on VentureBeat shows that 169 merger/acquisition deals were announced or closed, adding up to a hefty $23B in total value. An outlier year spurred by the COVID-19 pandemic presented an opportunity for aggressive consolidation by strategic players, including Tencent (TCEHY), Epic Games (40% owned by Tencent), Electronic Arts (EA), Take-Two Interactive (TTWO), ByteDance (BDNCE), Embracer and Stillfront - not to mention private-equity firms Bain, Blackstone (BX) and Carlyle Group (CG). One of the biggest deals came as

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Record 2021 videogaming deals already near double 2020's total