Jan 31 (Reuters) - The videogame industry received a massive fillip from the COVID-19 pandemic as people increasingly turned to digital entertainment during lockdowns, and firms in the sector consolidated to boost their library of popular titles. The global games market in 2021 generated total revenues of $180.3 billion and it is expected to generate revenues of $218.8 billion by 2024, according to data analytics firm Newzoo. Videogame companies have also sharpened their focus on mobile games as restrictions ease and people ditch their PCs and TV screens to step outside. The mobile gaming market is likely to reach a size of $116.4 billion by 2024, according to Newzoo. Xbox maker Microsoft Corp said on Jan. 18 that it would buy "Call of Duty" videogame maker Activision Blizzard for $68.7 billion in cash, the largest deal in the sector. Here is a list of the biggest videogame deals in the past few years: Date Acquirer Target Deal Value Popular Games Jan. 2022 Microsoft Corp Activision $68.7 bln Call of Blizzard Duty, Candy Crush Saga Jan. 2022 Take-Two Zynga $11.04 bln FarmVille Interactive June 2016 Tencent Supercell $8.6 bln Clash of Holdings-led Oy Clans, investor group Brawl Stars Sept. 2020 Microsoft Corp Zenimax $7.5 bln The Elder Scrolls Nov. 2015 Activision King $5.9 bln Candy Crush Blizzard Saga July 2016 Chinese Playtika $4.4 bln Best investor group Fiends, Bingo blitz Jan. 2022 Sony Bungie Inc $3.6 bln Destiny, Interactive Marathon, Entertainment Myth, Halo Sept. 2014 Microsoft Corp Mojang $2.5 bln Minecraft Studios Feb. 2021 Electronic Arts Glu Mobile $2.4 bln Kim Kardashian: Hollywood June 2021 Electronic Arts Playdemic $1.4 bln Golf Clash Source: Refinitiv, an LSEG Business (Reporting by Eva Mathews and Akash Sriram in Bengaluru; Editing by Ramakrishnan M. and Amy Caren Daniel)
Real-time Estimate
Other stock markets
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5-day change | 1st Jan Change | ||
145.2 USD | +1.23% | +2.87% | -10.14% |
Stocks mentioned in the article
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12,770 JPY | +0.08% | +1.92% | 99.73B | ||
408.3 USD | +2.33% | +2.27% | 2,965B | ||
348.4 HKD | +2.65% | +14.68% | 404B | ||
128.8 USD | +1.16% | +0.79% | 34.04B | ||
9.878 EUR | +1.17% | -0.18% | 10.72B | ||
7.195 USD | +2.06% | +4.07% | 2.61B | ||
EPS Revisions
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-10.14% | 24.47B | |
+4.44% | 80.86B | |
+3.60% | 75.4B | |
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-26.41% | 51.47B | |
+31.10% | 48.04B | |
+18.87% | 40.73B | |
+56.32% | 35.61B | |
-21.74% | 22.73B | |
+9.55% | 19.45B |
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