List of largest video game mergers and acquisitions explained

This is a list of largest mergers and acquisitions (M&A) in the video game industry with publicly disclosed deal values. Microsoft's acquisition of Activision Blizzard is the most expensive video game acquisitions of all time followed by Activision-Vivendi Games merger and Take-Two Interactive-Zynga acquisition. 14 of the 20 most expensive video game purchases in video game history occurred just between 2020 and 2023.

M&A with deal value of at least US$1 billion

AcquirerTargetYearDeal value (US$)Inflation adjusted (US$)class=unsortableReference
2023 75,400,000,000 [1] [2]
Activision Vivendi Games200818,900,000,000[3]
2022 12,700,000,000 [4]
Tencent Supercell (81.4%) 20168,600,000,000 [5]
20218,100,000,000 [6]
Activision Blizzard20165,900,000,000 [7]
Savvy Games Group2023 4,900,000,000 [8]
ByteDance20214,000,000,000 [9] [10]
20223,700,000,000 [11] [12]
Keywords Studios20242,390,000,000[13]
20142,500,000,000 [14]
2021 2,400,000,000 [15]
2014 2,000,000,000 [16]
2020 1,800,000,000 [17]
2005 1,700,000,000 [18]
2020 1,500,000,000 [19]
2022 1,500,000,000 [20]
2021 1,400,000,000 [21]
2021 1,300,000,000 [22]
2021 1,270,000,000 [23]
2020 1,200,000,000 [24]
Tencent Easybrain20241,200,000,0001,200,000,000[25]
Scopely20211,000,000,000[26]

M&A with deal value of at least US$100 million

Acquirer Target Year Deal value (US$) Inflation adjusted (US$) class=unsortableReference
Zhongji Holding DianDian Interactive 2014 960,000,000 [27]
2014 885,000,000 [28]
Sega Rovio Entertainment2023776,000,000[29]
2007 775,000,000 [30]
2011 750,000,000 [31]
Square Enix2003727,000,000[32]
2018 700,000,000 [33]
2005 680,000,000 [34]
2021 640,000,000 640,000,000 [35]
2010563,000,000 [36]
Macarthur Fortune Holding 2020 530,000,000 530,000,000 [37]
2014527,000,000 [38]
2020525,000,000 525,000,000 [39]
Zynga2021 525,000,000 525,000,000 [40]
2012486,000,000 [41]
Take-Two Interactive Gearbox Software2024460,000,000460,000,000[42]
2021 450,000,000 450,000,000 [43]
2018 425,000,000 [44] [45]
2005 409,100,000 [46]
2010 400,000,000 [47]
2009 400,000,000 [48]
2011400,000,000 [49]
2012 380,000,000 [50]
2021 378,000,000 378,000,000 [51]
2002 375,000,000 [52]
2007 350,930,000 [53]
2017 315,000,000 [54]
2022 300,000,000 300,000,000 [55]
2020 300,000,000 300,000,000 [56]
Social Point2017 250,000,000 [57]
Gram Games2018 250,000,000 [58]
Beacon Interactive Saber Interactive2024247,000,000 247,000,000[59]
Sony Interactive Entertainment Insomniac Games2019229,000,000 [60]
2007 210,000,000 [61]
Funzio 2012 210,000,000 [62]
OMGPop2012 210,000,000 [63]
Gamesville1999 207,000,000 [64]
Koei Tecmo2009207,000,000299,000,000[65]
Playdots 2020 193,000,000 193,000,000 [66]
Rollic 2020 180,000,000 180,000,000 [67]
2006 175,000,000 [68]
2021 165,000,000 165,000,000 [69]
Turbine Entertainment Software2010 160,000,000 [70]
Koch Media2018 149,600,000 [71]
2020 148,000,000 148,000,000 [72]
2020 137,000,000 137,000,000 [73]
GT Interactive1999 135,000,000 [74]
East Side Games 2021 135,000,000 135,000,000 [75]
Maxis1997 125,000,000 [76]
2021 125,000,000 125,000,000 [77]
Westwood Studios1998 122,500,000 [78]
Eidos Interactive2009 120,000,000 [79]
Turtle Beach Performance Designed Products2024118,000,000118,000,000[80]
Microsoft Ninja Theory2018117,000,000141,600,000[81]
Aonic NDreams2023110,000,000110,000,000[82]
A Thinking Ape 2020 105,000,000 105,000,000 [83]
2018 103,000,000 [84]
Hasbro Interactive2000 100,000,000 [85]
Pipeworks Studios2020 100,000,000 100,000,000 [86]
Microsoft2001 100,000,000 [87]

M&A with deal value of at least US$1 million

Acquirer Target Year Deal value (US$)Reference
Keywords Studios The Multiplayer Group202395,240,000[88]
2014 73,200,000 [89]
1998 70,000,000[90]
2015 63,500,000[91]
2022 60,200,000 [92]
2004 51,120,000[93]
2011 50,000,000[94]
2020 50,000,000 [95]
2019 48,510,000 [96]
2004 48,000,000 [97]
2021 46,000,000 [98]
2020 45,000,000 [99]
2021 42,500,000 [100]
2021 41,255,000 [101]
Devolver Digital System Era Softworks202340,000,000[102]
2002 38,000,000 [103]
1992 35,000,000[104]
2018 34,900,000 [105]
Midway Games2009 33,000,000 [106] [107]
Keywords Studios Forgotten Empires202232,500,000[108]
2005 32,200,000 [109]
2021 31,300,000 [110]
2019 30,000,000[111]
2021 27,476,000
2020 26,935,000
2013 26,600,000[112]
2006 24,000,000 [113]
2013 23,000,000
2014 22,500,000 [114]
2001 20,000,000[115]
2021 17,353,000
2021 17,100,000 [116]
1999 14,700,000 [117]
2000 11,000,000 [118]
2019 10,500,000 [119]
Animal 2021 10,100,000 [120]
2021 10,000,000 [121]
2023 10,000,000 [122]
2016 8,500,000 [123]
2020 7,900,000 [124]
2019 7,900,000 [125]
2018 7,500,000 [126]
2002 3,000,000 [127]

M&A which failed to complete

Acquirer Target Year Deal value (US$)Notes Reference
2016 6,400,000,000 In 2018, Vivendi agreed to stop pursuing its hostile takeover bid for Ubisoft and sell its shares to various investors, including Tencent. Vivendi had completely divested its stake in Ubisoft by March 2019. [128] [129] [130]
2008 1,900,000,000 Although Take-Two were interested in merging with another company at the time, Strauss Zelnick and Take-Two's board of directors considered EA's cash offer inadequate. In September 2008, EA gave up on the acquisition and let the offer expire. [131] [132] [133]
2003 1,000,000,000 Take-Two planned to acquire Vivendi's video game division, which at the time was up for sale as part of the parent company's plan to sell $7.7 billion in assets. Take-Two's offer was far short of the $1.6 billion Vivendi sought for the business. Ultimately the deal never came to pass and Vivendi Games would later merge with Activision to form Activision Blizzard. [134]
2020 994,000,000 Take-Two offered to acquire Codemasters in November 2020 for approximately US$994 million and Codemasters subsequently accepted the deal. However, in December 2020, Electronic Arts placed a rival offer of $1.2 billion, 14% higher than Take-Two's bid, which Codemasters' board of directors agreed to instead. Take-Two formally withdrew its offer in January 2021, ceding to EA's bid. EA fully acquired Codemasters on February 21, 2021. [135] [136] [137] [138]
2023 813,000,000 Playtika held preliminary discussions with Rovio about a potential acquisition in January 2023. Playtika made a €9.05 per share all-cash offer to Rovio's board of directors. Those discussions ended with no deal the following March and Rovio stated that it would seek merger discussions with other parties instead. [139] [140]
1997 250,000,000 Despite the merger agreement being signed and unanimously approved by both companies shareholders, the merger was called off two months after the deal was signed. The merger was reportedly called off due to "fundamental" disagreement over the handling of research and development costs. In the following years, MicroProse was acquired by Hasbro. [141] [142] [143] [144]
2008 200,000,000 Tecmo rejected Square Enix's buyout offer, opting instead for a merger of equals with Koei. [145] [146]
2005 136,300,000 Elevation attempted to acquire Eidos in March 2005 as the newly formed firm's first acquisition, but were outbid by SCi, who ultimately acquired Eidos in May 2005. [147] [148]
2013 26,300,000 At THQ's bankruptcy auction, ZeniMax bid $26.3 million for Relic Entertainment and the Company of Heroes IP, but were subsequently outbid by Sega by only $300K, with Sega ultimately acquiring Relic. [149] [150]

Notes and References

  1. News: Lombardo . Cara . January 18, 2022 . Microsoft to Buy Activision Blizzard in All-Cash Deal Valued at $75 Billion . WSJ .
  2. Web site: SECURITIES AND EXCHANGE COMMISSION . UNITED STATES . January 30, 2024 . MICROSOFT FORM 10-Q .
  3. Web site: Thang . Jimmy . Activision/Vivendi Games Merger Approved: Stockholders support Activision Blizzard venture . dead . https://web.archive.org/web/20080801174639/http://wii.ign.com/articles/887/887251p1.html . August 1, 2008.
  4. Web site: Take-Two announces acquisition of mobile games giant Zynga for $12.7bn. 10 January 2022 .
  5. News: Lulu Yilun Chen. China's Tencent Buys Control of Clash of Clans Maker for $8.6 Billion. bloomberg.com. June 21, 2016. December 26, 2020.
  6. Web site: Form 10-K. 39. SEC. June 30, 2021. August 7, 2021.
  7. Web site: Michael J. de la Merced. Bobby Kotick's Activision Blizzard to Buy King Digital, Maker of Candy Crush. The New York Times. November 2, 2015. December 26, 2020.
  8. Web site: Mobile Games Company Scopely to Be Acquired by Saudi-Backed Savvy Games Group for $4.9 Billion. 5 April 2023 .
  9. Web site: 2021-03-22. TikTok's parent company ByteDance acquired Mobile Legends developer Moonton. 2021-03-23. Mobile Gaming Hub. en-US.
  10. News: Reuters . 2021-03-22. ByteDance acquires gaming studio Moonton at around $4 billion valuation: sources. en. Reuters. 2021-03-22.
  11. Web site: Bankhurst . Adam . 2022-07-16 . Sony Has Completed Its $3.7 Billion Deal to Acquire Bungie and Welcome It Into the PlayStation Family . 2023-04-05 . IGN . en.
  12. Web site: 2022-07-15 . $3.7 billion Bungie buyout was approved earlier than Sony expected . 2023-04-05 . TweakTown . en-US.
  13. News: Jolly . Jasper . 2024-05-20 . London-listed Keywords Studios says it will accept £2bn offer . 2024-05-20 . The Guardian . en-GB . 0261-3077.
  14. News: András. Neltz. Microsoft Buys Minecraft Maker Mojang for $2.5 Billion. Kotaku. September 15, 2014. December 16, 2020.
  15. News: Eric. Volkman. Electronic Arts Acquiring GluMobile for $2.4 Billion. .fool.com. February 8, 2021.
  16. News: Facebook Buys Oculus VR For $2 Billion.
  17. News: Zynga Enters Into Agreement to Acquire Istanbul-based Peak, Creator of Top Charting Mobile Franchises Toon Blast and Toy Blast.
  18. News: INTERNATIONAL BUSINESS; Power Rangers Meet Pac-Man in $1.7 Billion Deal.
  19. Web site: Leyou shareholders approve Tencent takeover . James . Batchelor . December 14, 2020 . December 14, 2020 . .
  20. Web site: ESL, FACEIT merging in $1.5B deal - Reuters . January 26, 2022 . March 5, 2023 . .
  21. Web site: EA acquires Playdemic for $1.4bn. 23 June 2021 .
  22. Web site: Gearbox Entertainment joins Embracer Group in $1.3b deal. 3 February 2021 .
  23. Web site: Tencent will buy Sackboy developer Sumo in a $1.27bn deal. 19 July 2021.
  24. Web site: 2020-12-14. Electronic Arts Reaches Agreement for Recommended Acquisition of Codemasters Group Holdings PLC. 2020-12-14. www.businesswire.com. en.
  25. Web site: 2024-11-14 . Embracer Group to divest Easybrain to Miniclip for $1.2 billion . 2024-11-14 . Gematsu . en-US.
  26. Web site: Weprin . Alex . 2021-10-18 . Sony Sells GSN Games Studio to Scopely for $1B . 2024-06-16 . The Hollywood Reporter . en-US.
  27. News: FunPlus Group sells its game subsidiary to Chinese holding company for $960M.
  28. News: Big Fish Games to be acquired for $885 million.
  29. Web site: Reid . Jenni . Sega to acquire Angry Birds maker Rovio for $776 million . 2023-04-17 . CNBC . 17 April 2023 . en.
  30. News: Gaming giant EA to pay $775M for BioWare and Pandemic.
  31. News: PopCap Acquired By Electronic Arts For $750 Million. https://web.archive.org/web/20151224034904/http://www.mtv.com/news/2463344/popcap-acquired-by-electronic-arts-for-750-million/. dead. December 24, 2015.
  32. Web site: Square and Enix to Merge . 2024-03-30 . www.gamedeveloper.com . en.
  33. News: Zynga to acquire Small Giant Games, the maker of Empires & Puzzles, for $700M.
  34. News: EA to buy Jamdat Mobile for $680M. Marketwatch . Marketwatch . Scott Banerjee .
  35. Web site: Embracer Group merges with Easybrain in $640m deal. 3 February 2021 .
  36. Web site: Disney acquires casual developer Playdom for $563.2 million. 27 July 2010.
  37. Web site: Macarthur Fortune Holding acquires Runescape dev Jagex for $530 million. 28 April 2020.
  38. Web site: Zynga acquiring NaturalMotion for $527 million. 30 January 2014 .
  39. Web site: Embracer Group acquires Saber Interactive in $525m deal. 19 February 2020 .
  40. Web site: Zynga acquires StarLark, posts record Q2 revenues. 5 August 2021 .
  41. Web site: Nexon Buys Gloops for $486 Million in Cash to Push Into Mobile Gaming.
  42. Web site: 2024-03-28 . Take-Two Interactive Software, Inc. to Acquire The Gearbox Entertainment Company Inc., Developer of Highly Successful Borderlands Franchise . 2024-03-28 . Yahoo Finance . en-US.
  43. Web site: Embracer Group acquires Aspyr Media for up to $450 million. 3 February 2021.
  44. Web site: Pearl Abyss acquires EVE Online creator CCP Games for $425 million . Chris . Kerr . 6 September 2018 . 6 September 2018 . Gamasutra.
  45. Web site: Eve Online maker CCP Games sells to Black Desert Onlines Pearl Abyss for $425 million . VentureBeat. 6 September 2018 .
  46. Web site: Square Enix Makes Bid For Tatio.
  47. Web site: DeNA to Acquire Ngmoco for $400 Million. 12 October 2010 .
  48. News: Playfish sells to Electronic Arts in deal worth up to $400m. The Guardian . 9 November 2009. Johnson . Bobbie . Francisco . San .
  49. Web site: China's Tencent Buys Riot Games for $400 Million.
  50. Web site: Sony Computer Entertainment buys Gaikai for $380 million. . 2 July 2012.
  51. Web site: Take-Two enters soccer market with $378m Nordeus acquisition. 2 June 2021.
  52. News: Microsoft buy top games producers Rare. 26 September 2002.
  53. News: Brooks . Barnes . August 2, 2007 . Wary of Losing Out Online, Disney Buys Site for Children up to ages from 6 to 16 . The New York Times.
  54. Web site: EA to acquire Titanfall developer Respawn. . 9 November 2017.
  55. Web site: Embracer Group to Buy Multiple Square Enix Studios and IPs in Huge Acquisition. 2 May 2022 .
  56. Web site: EG7 acquires Daybreak. December 2020 .
  57. Web site: Take-Two acquires mobile developer Social Point for $250m. February 2017 .
  58. Zynga Acquires Leading Global Mobile Game Developer Gram Games; Team Behind Hit Titles Merge Dragons! and 1010!. 30 May 2018.
  59. Web site: 2024-03-14 . Embracer sells a big chunk of Saber Interactive in a deal worth around $500 million . 2024-03-14 . Yahoo Entertainment . en-US.
  60. Web site: Sony paid $229 million for Insomniac. GamesIndustry.biz. 10 February 2020 . en. 2020-02-11.
  61. Web site: Report: TT Games sold to Warner Bros. for approx. $210 million. 13 November 2007 .
  62. News: OMGWHAT? GREE Acquires Mobile-Social Game Developer Funzio For $210M. Cutler. Kim-Mai. TechCrunch. 2017-11-11. en.
  63. Web site: Zynga Buys 'Draw Something' Maker OMGPOP for $200 Million. 21 March 2012 .
  64. Web site: Lycos Acquires Gamesville.com for $207 Million.
  65. Web site: Founder . Patrick Garratt . Publisher . 2008-11-18 . Koei and Tecmo merger agreed for April, worth $207 million . 2024-03-30 . VG247 . en.
  66. Web site: Take-Two Interactive acquires mobile studio Playdots for $192 million . Chris . Kerr . August 18, 2020 . August 18, 2020 . .
  67. Web site: Zynga completes its acquisition of hyper-casual game maker Rollic. 2 October 2020 .
  68. http://www.harmonixmusic.com/p092206.html Harmonix
  69. Web site: Jam City acquires Ludia for $165m . 8 September 2021 .
  70. Web site: Report: Warner Bros to pay $160 million for Turbine. 23 April 2010 .
  71. Web site: De Blob publisher THQ Nordic buys Koch Media for €121m. 14 February 2018 .
  72. Web site: Tencent To Acquire 'Conan: Exiles' Developer Funcom In $148 Million Bid. .
  73. Web site: Embracer Group acquires Flying Wild Hog.
  74. . December 17, 1999 . Infogrames Entertainment Completes Acquisition of Controlling Stake in GT Interactive Software . Infogrames . https://web.archive.org/web/20000815071957/http://www.us.infogrames.com/corporate/investor_relations/gtis/121799_gtdealclosure.asp . 2000-08-15 . 2016-06-05.
  75. Web site: Leaf Mobile confirms $125m acquisition of East Side Games. 8 February 2021 .
  76. Web site: Electronic Arts and Maxis Inc. announce definitive agreement to merge. 2015-12-13. 2015-12-22. https://web.archive.org/web/20151222091315/http://www.thefreelibrary.com/Electronic+Arts+and+Maxis+Inc.+announce+definitive+agreement+to...-a019471549. dead.
  77. Web site: EMBRACER GROUP ENTERS INTO AGREEMENT TO ACQUIRE PERFECT WORLD ENTERTAINMENT.
  78. Web site: Electronic Arts to Buy Westwood Studios.
  79. Web site: Square Enix Trying To Buy Tomb Raider. 12 February 2009 .
  80. Web site: Bailey . Kat . 2024-03-14 . Turtle Beach Is Buying Fortnite Festival Guitar Creator PDP for $118 Million . 2024-03-14 . IGN Middle East . en-ae.
  81. Web site: Austin "Proven" . 2023-06-26 . Internal Emails Unveiled During Ongoing FTC vs. Microsoft Case Reveals Xbox Paid 117 Million Dollars for Ninja Theory . 2023-06-27 . XboxEra . en-US.
  82. Web site: Bezmalinovic . Tomislav . 2023-11-20 . nDreams acquired for $110 million, 'exciting projects' in the works . 2024-03-30 . MIXED Reality News . en-US.
  83. Web site: A Thinking Ape Acquired By DECA Games For USD $105 Million. 18 November 2020.
  84. Web site: Nordisk Film acquires Avalanche Studios. 30 May 2018 .
  85. https://query.nytimes.com/gst/fullpage.html?res=9F00E4DC1E3FF933A05752C0A9679C8B63&n=Top/News/Business/Companies/Hasbro%20Inc "Company News; Hasbro Completes Sale Of Interactive Business"
  86. Web site: Sumo Group acquires Pipeworks for $100m. 2020-10-01. GamesIndustry.biz. 30 September 2020 . en.
  87. Web site: Lisa. Tanner. Ensemble's success spurred acquisition by Microsoft. Dallas Business Journal. February 17, 2008. October 29, 2020.
  88. Web site: Report: Acquisition of The Multiplayer Group .
  89. Web site: MAJOR TRANSACTION IN RELATION TO THE ACQUISITION OF 58% OF THE ENTIRE ISSUED SHARE CAPITAL OF DIGITAL EXTREMES. 14 October 2014. Sumpo.
  90. http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/1998/08/13/BU104878.DTL "Hasbro Buying Alameda's MicroProse"
  91. News: SNK Playmore purchased by Chinese company Leyou Millenium.
  92. Web site: Nacon acquires Daedalic Entertainment. 17 February 2022 .
  93. News: Eidos announces results and acquisition of Io Interactive.
  94. News: Cryptic Bought For $50 Million. https://web.archive.org/web/20110603051219/http://www.gameinformer.com/b/news/archive/2011/05/31/cryptic-bought-for-50-million.aspx. dead. June 3, 2011.
  95. Web site: Keywords acquires High Voltage Software for $50m . Marie . Dealessandri . December 15, 2020 . . December 15, 2020 . December 15, 2020 . https://web.archive.org/web/20201215185326/https://www.gamesindustry.biz/articles/2020-12-15-keywords-acquires-high-voltage-software-for-usd50m . live.
  96. Web site: THQ Nordic acquires Kingdom Come: Deliverance developer Warhorse Studios. 13 February 2019.
  97. News: EA pays $48 million for Criterion.
  98. Web site: Focus Home Interactive acquires Dotemu to capitalize on retro nostalgia . Jeff . Grubb . August 5, 2021 . August 5, 2021 . .
  99. Web site: Embracer Group acquires multiple studios, including 4A Games. gamesindustry.biz. 13 August 2020 .
  100. Web site: Nacon acquires Cricket 19 developer Big Ant Studios for $42.5 million. Gamasutra.com. 22 January 2021.
  101. Web site: Admission Document Devolver Digital Inc..
  102. Web site: 2023-11-01 . Astroneer studio joins Devolver Digital as a first party developer . 2023-11-01 . Shacknews . en.
  103. Web site: The End Game: How Top Developers Sold Their Studios – Part One . Dan Lee . Rogers . March 3, 2004 . . October 30, 2017 . https://web.archive.org/web/20170923193804/https://www.gamasutra.com/view/feature/130449/the_end_game_how_top_developers_.php . September 23, 2017 . live.
  104. News: ELECTRONIC ARTS ANNOUNCES AGREEMENT TO ACQUIRE ORIGIN SYSTEMS. 2015-12-14. 2015-04-02. https://web.archive.org/web/20150402102739/http://www.thefreelibrary.com/ELECTRONIC+ARTS+ANNOUNCES+AGREEMENT+TO+ACQUIRE+ORIGIN+SYSTEMS-a012613875. dead.
  105. News: THQ Nordic acquires Coffee Stain and Bugbear Entertainment.
  106. Web site: Brian Crecente. Warner Bros. Offers to Buy Most of Midway - Midway . Kotaku . 2009-05-21 . 2013-01-06.
  107. News: Fritz. Ben. Pham. Alex. 2009-05-22. Warner Bros. makes bid for Midway Games. Los Angeles Times. 2009-08-26.
  108. Web site: Jasper . Pieter "SuikerBrood" . 2022-06-08 . Age of Empires developer Forgotten Empires acquired by Keywords Studios . 2024-02-25 . XboxEra . en-US.
  109. Web site: Take-Two reveals acquisition prices, hints at future lawsuits . Brendan . Sinclair . January 31, 2006 . . February 17, 2018 . https://web.archive.org/web/20170226001336/http://www.gamespot.com/articles/take-two-reveals-acquisition-prices-hints-at-future-lawsuits/1100-6143447/ . February 26, 2017 . live .
  110. Web site: TinyBuild acquires Versus Evil and Red Cerberus in $31.3m deal . GamesIndustry.biz . November 23, 2021 . en . November 23, 2021.
  111. News: Codemasters buys Slightly Mad Studios for $30m.
  112. News: THQ auction results.
  113. Web site: Atari Sells Driver, Reflections To Ubisoft. Carless. Simon. 13 July 2006. Gamasutra. 13 April 2016.
  114. Web site: Rumor: Sony considers FromSoftware as potential acquisition candidate. 19 April 2022 .
  115. News: Activision to Acquire Treyarch Invention . October 4, 2001 . February 14, 2019 . . . https://web.archive.org/web/20160301163903/http://articles.latimes.com/2001/oct/04/business/fi-53391 . March 1, 2016 . live.
  116. Web site: TinyBuild acquires Bad Pixel for $17.1m. 15 September 2021 .
  117. Web site: GT Buys UK Dev House.
  118. Web site: Take-Two Acquires DMA Design . Kennedy . Sam . . . 29 September 1999 . 27 March 2016 . https://web.archive.org/web/20170404210337/http://www.gamespot.com/articles/take-two-acquires-dma-design/1100-2450254/ . 4 April 2017 . live.
  119. News: Embracer Group acquires Little Nightmares dev Tarsier Studios for $10.5m.
  120. Web site: TinyBuild to 'acquihire' Rawmen developer Animal for up to $10.2 million . Alissa . McAloon . August 19, 2021 . August 19, 2021 . .
  121. Web site: Updated: Opera buys GameMaker Studio maker YoYo Games for $10 million. Gamasutra.com. 19 January 2021.
  122. Web site: Atari is acquiring retro remaster specialist Nightdive Studios. 23 March 2023 .
  123. Web site: Sweden's Starbreeze buys Indian video game studio Dhruva Interactive . Dean . Takahashi . 18 December 2016 . . 30 August 2017 . https://web.archive.org/web/20170906134943/https://venturebeat.com/2016/12/18/swedens-starbreeze-buys-indias-video-game-studio-dhruva-interactive/ . 6 September 2017 . live.
  124. Web site: Focus Home Interactive acquires The Surge dev Deck13 . vg247.com. 29 June 2020 .
  125. Web site: Rockstar acquires Dhruva Interactive from Starbreeze for $7.9m . Rebekah . Valentine . 13 May 2019 . . 13 May 2019 . https://web.archive.org/web/20190513194338/https://www.gamesindustry.biz/articles/2019-05-13-rockstar-acquires-dhruva-from-starbreeze-for-usd7-9m . 13 May 2019 . live.
  126. Web site: Paradox Interactive to acquire Seattle-based Harebrained Schemes. Paradox Interactive. en-US. 2018-06-05.
  127. Web site: Take-Two Acquires Barking Dog Studios . gamasutra.com . 2 August 2002 . 20 January 2018 . https://web.archive.org/web/20171201031508/https://www.gamasutra.com/view/news/92359/TakeTwo_Acquires_Barking_Dog_Studios.php . 1 December 2017 . live.
  128. Web site: Ubisoft shareholders support Guillemot family, but Vivendi threat lingers . Dean . Takahashi . 22 September 2017 . 22 September 2017 . Venture Beat.
  129. Web site: Vivendi Sells All of its Ubisoft Shares to Tencent and Others . Brian . Crecente . 20 March 2018 . 20 March 2018 . . 20 March 2018 . https://web.archive.org/web/20180320211254/https://www.rollingstone.com/glixel/features/vivendi-sells-all-of-its-ubisoft-shares-to-tencent-and-others-w518120 . dead .
  130. Web site: Vivendi has sold off its final Ubisoft shares . Melissa . McAloon . 5 March 2019 . 5 March 2019 . Gamasutra.
  131. Web site: Terdiman . Daniel . EA tries to buy Take-Two to keep its top spot . CNET . February 24, 2008 . March 24, 2009 . https://web.archive.org/web/20150923230748/http://www.cnet.com/news/ea-tries-to-buy-take-two-to-keep-its-top-spot/ . September 23, 2015 . live . mdy-all .
  132. Web site: Take-Two Rejects Electronic Arts' $1.9 Billion Offer . . . February 25, 2007 . September 3, 2018 . https://web.archive.org/web/20180903215504/https://www.cnbc.com/id/23332933 . September 3, 2018 . live . mdy-all .
  133. Web site: Electronic Arts ends merger talks with Take Two . Anupreeta . Das . September 14, 2008 . September 3, 2018 . . https://web.archive.org/web/20180903215441/https://www.reuters.com/article/us-taketwo-electronicarts/electronic-arts-ends-merger-talks-with-take-two-idUSN1439228620080915 . September 3, 2018 . live . mdy-all .
  134. News: Game maker eyes Vivendi unit . Matthew . Curtin . . April 29, 2003 . C3 . . October 3, 2021 . October 3, 2021 . https://web.archive.org/web/20211003160754/https://www.newspapers.com/clip/86413429/game-maker-eyes-vivendi-unit/ . live.
  135. Web site: GTA publisher Take-Two confirms purchase of Codemasters in deal worth nearly $1bn. Tom. Phillips. November 10, 2020. Eurogamer. November 10, 2020.
  136. Web site: EA overtakes Take-Two with $1.2bn offer for Codemasters. Wesley. Yin-Poole. December 14, 2020. Eurogamer. December 14, 2020.
  137. Web site: Take-Two withdraws bid for Codemasters following EA offer of $1.2bn . January 13, 2021 . January 13, 2021 . .
  138. Web site: EA has officially completed its purchase of Codemasters . Andy . Robinson . 18 February 2021 . . 18 February 2021 . 18 February 2021 . https://web.archive.org/web/20210218140837/https://www.videogameschronicle.com/news/ea-has-officially-completed-its-purchase-of-codemasters/ . live .
  139. Web site: Playtika tries to buy Rovio. 19 January 2023 .
  140. Web site: The Playtika-Rovio deal is off – but talks with other suitors continue. 22 March 2023 .
  141. http://findarticles.com/p/articles/mi_m0EIN/is_1997_Oct_5/ai_19817403 "GT Interactive to Expand as World's Fastest Growing Interactive Entertainment Company Through Acquisition of MicroProse"
  142. https://query.nytimes.com/gst/fullpage.html?res=9F03E6DB103DF935A35753C1A961958260 "$250 Million Stock Deal for Microprose"
  143. https://query.nytimes.com/gst/fullpage.html?res=9404E5DD1E3DF935A35751C1A961958260 "Company News; Microprose And Gt Interactive End Merger Talks"
  144. Web site: Hasbro, Inc. Announces Definitive Agreement to Acquire MicroProse, Inc.. August 12, 1998. September 30, 2010. Hasbro Inc.. https://web.archive.org/web/20121021064053/http://www.thefreelibrary.com/Hasbro,+Inc.+Announces+Definitive+Agreement+to+Acquire+MicroProse,...-a050243864. October 21, 2012. live. mdy-all.
  145. Web site: Thorsen . Tor . Report: Square Enix makes $200M Tecmo bid . . 2008-08-29 . 2008-08-29 . dead . https://web.archive.org/web/20120628145002/http://www.gamespot.com/news/square-enix-makes-200m-tecmo-bid-6196996 . 2012-06-28 .
  146. Web site: Ashcraft. Brian. Report: Tecmo Rejects Square Enix's Takeover Offer. Kotaku. 2008-09-04. 2008-09-04 .
  147. Web site: Eidos Accepts Elevation Buyout; SCi Makes Play . 29 March 2005.
  148. Web site: Bono's boys bow out of Eidos bid .
  149. Web site: Samit. Sarken. Sega offers $26.6M for Relic Entertainment in THQ auction, ZeniMax bids $26.3M. Pplygon. January 23, 2013. August 3, 2021.
  150. Web site: THQ Dissolved, Saints Row, Company of Heroes Devs Acquired. Goldfarb. Andrew. IGN. 2013-01-23. 2013-01-23. https://web.archive.org/web/20130126060612/http://www.ign.com/articles/2013/01/23/thq-dissolved-saints-row-company-of-heroes-darksiders-devs-acquired. 2013-01-26. live.

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