Red-hot gaming market to breach $150 billion in deals, fundraising - report

FILE PHOTO: A view shows Blizzard Entertainment's campus, after Microsoft Corp announced the purchase of Activision Blizzard for $68.7 billion in the biggest gaming industry deal in history, in Irvine, California, U.S., January 18, 2022. REUTERS/Mike Blake

(Reuters) - After kicking off 2022 with two mega acquisitions, the video gaming sector is racing to a new record of $150 billion in deals, financing and IPOs this year, according to investment banking firm Drake Star Partners.

In just the first few weeks of 2022, Microsoft Corp pitched nearly $70 billion for Activision Blizzard and Take-Two Interactive bid $11 billion for Zynga.