French video game publisher picks up smartphone and tablet game studio.
Zynga’s decline took some steam out of the market, but other forces are keeping game acquisitions hot.
Game mergers are down, but investments for mobile game startups are up.
Editor’s Pick Game investments were red hot in the first half, but slowed after Zynga’s sinking market value crushed valuations.
Editor’s Pick The game industry set a new record for the money spent on acquisitions, but the number of deals dropped.
Game acquisitions set a new record in 2012, but investments in new companies are down.
The merger and acquisition boom is going strong in the game business though investments are starting to slow.
Game industry acquisitions grew dramatically in the second quarter, putting 2012 on track to break records for game M&A deals, according to investment bank Digi-Capital. But investment into new game startups slowed somewhat in the first half of the year.
The social and mobile games gold rush inspired lots of investments in 2011, as venture capitalists tried to find the next Zynga. But the year was also a big one for acquisitions, particularly as big companies such as Electronic Arts tried to outmaneuver the social game giant via acquisitions.