October 8, 2020 | technology | No Comments
The game industry has seen an estimated $20.5 billion in acquisitions, investments, and IPOs in the first nine months of the year, according to game investment tracking firm InvestGame.
The amount of money shows a huge amount of activity in games at a time when gameplay is spiking because of the pandemic. The data comes InvestGame, which investment specialist Sergei Evdokimov and Anton Gorodetsky run. (They both work at My.Games, but the company doesn’t produce the report.) While the firm hasn’t tracked past years, it’s a stunning amount of investor activity in gaming while other sectors of the economy are falling apart.
InvestGame tracks deals among game developers, publishers, platform and tech companies, esports, hardware, retail, outsourcing, and other related areas. But it doesn’t including gambling companies in its definition of games. The data also only covers estimates of publicly announced and closed deals in the game industry. Deals where