• Microsoft announced the $68.9B acquisition of Activision, known for its Call of Duty, Destiny, Diablo and WoW franchises
• Take-Two Interactive announced plans to acquire Zynga, a leader in the interactive and mobile entertainment industry, for
$11.8B
• Sony announced its $3.6B acquisition of Bungie, a premier independent developer and creator of the Destiny franchise
• ESL Gaming and FACEIT, two independent esports companies, announced that they will be acquired by Savvy Gaming
Group for a combined $1.5B
• Tencent announced its acquisition of Black Shark, a Chinese-based developer of gaming focused mobile devices, for
$470M
• Stillfront announced its completed acquisition of 6waves, a Hong Kong-based mobile publishing company, for an upfront
purchase price of $201M
4
M&A
Public
Markets
• Azerion completed its $1.5B SPAC deal with European FinTech IPO Company 1, raising $105M of proceeds
• Nexon announced the completion of a $883M PIPE from The Public Investment Fund of The Kingdom of Saudi Arabia
• Team17 Digital completed a $108M PIPE with most funds being allocated towards the Astragon Entertainment acquisition
Fundraising
• Animoca Brands raised $359M at a $5.4B valuation in a round led by Liberty City Ventures with participation from Kingsway,
Sequoia, 10T Holdings, and others
• Dream Games raised $255M at a $2.8B valuation in a Series C led by Index Ventures and backed by Makers Fund,
BlackRock, Kora Management, IVP, and Balderton Capital
• Immutable raised a $200M Series C at a $2.5B valuation, led by Temasek and backed by Animoca Brands, Tencent, and
others
• Thatgamecompany raised $160M in a round led by TPG and its $1.5B Tech Adjacencies fund
• Tripledot Studios raised $116M at a $1.4B valuation in a Series B led by The Twenty Minute VC
• Zupee raised $102M at a $600M valuation in a Series B led by WestCap Group, Nepean Capital, Smile Group, and Tomales
Bay Capital
Note: Drake Star did not act as financial advisor on transactions listed on this page
