May 25, 2022  ·  Esports  ·  Acquisitions  ·  Gaming  ·  Features

Every major video game industry acquisition of 2022

by Adam Fitch
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Every major video game industry acquisition of 2022

2022 is the biggest year for mergers and acquisitions in the history of the games industry. With billions upon billions of dollars being spent to acquire major studios in January alone, it's clear that something has shifted and prominent companies like Microsoft are optimistic about where things are going.

From the ground-breaking $68.7B deal between Microsoft and Activision Blizzard to Take-Two Interactive's acquisition of Zynga, this year is shaping up to be an unforgettable one so we've rounded up all of the major video game industry acquisitions of 2022 with some useful information for good measure.

Completed

Take-Two Interactive acquires Zynga

  • Announced: January 10th, 2022
  • Closed: May 23rd, 2022
  • Cost: $12.7B
  • Details: Take-Two Interactive is best known for the Grand Theft Auto franchise but now it's armed with the mobile studio behind FarmVille, another major gaming property, among other titles. "As we bring together our exceptional talent, exciting pipelines of games, and industry-leading technologies and capabilities, we believe that we can take our portfolio to another level of creativity, innovation, and quality," said Take-Two CEO Strauss Zelnick.

Savvy Gaming Group acquires ESL and FACEIT

  • Announced: January 24th, 2022
  • Closed: April 21st
  • Cost: $1.5B
  • Details: Savvy Gaming Group is wholly owned by Saudi Arabia's Public Investment Fund. It acquired ESL (and subsidiary DreamHack) for $1B from Modern Times Group and esports tournament platform FACEIT for $5B. The companies have been merged under the banner of ESL FACEIT Group, promising that collectively it will "deliver an end-to-end solution that supports game developers and publishers to build sustainable competitive gaming communities and esports ecosystems."
Activision Blizzard
Activision Blizzard's price tag of $68.7B would make the acquisition the largest of its kind in gaming.

Pending

Microsoft to acquire Activision Blizzard

  • Announced: January 18th, 2022
  • Expected to close: 2023
  • Cost: $68.7B
  • Details: While over 95% of Activision Blizzard shareholders voted to approve the proposed acquisition from Microsoft — which would be a record transaction in the industry — there's still a long road ahead for the companies. The Federal Trade Commission, for example, will have to give its approval before the transaction and subsequent integration can take place. In fact, there is a long line of investors who are banking on the deal being delayed or even blocked by the FTC.

Sony to acquire Bungie

  • Announced: January 31st, 2022
  • Expected to close: N/A
  • Cost: $3.6B
  • Details: No prospective completion date was given by either company when the agreement was announced. The last the public heard of the proposed Bungie acquisition by Sony, it was under scrutiny from the FTC. Though the commission may well not be able to block the deal, its choice to review it shows how keen an eye it's keeping on mergers and acquisitions in gaming. It does indeed seem as if the Halo and Destiny creator will join the Sony fold before long, though.