- Published on February 11, 2022
- In IT Services
Why tech firms are gobbling up gaming studios
Today, streaming and gaming has become mainstream and extremely immersive, all thanks to the rapid tech development.
- By Akashdeep Arul
In every industry, consolidation plays a huge role in steering competitors to battle each other in exclusivity, size, and financial potential. The bigger companies buy the smaller ones, often spending billions of dollars to mark their existence in the industry. However, after January saw the most expensive gaming buy-out in history, the trend is here to stay after Microsoft acquired Activision.
Before January 2022, the Chinese gaming giant, Tencent, held the record for the most expensive buy in the gaming industry when it had acquired Supercell, a gaming publisher. But, everything changed in the first two weeks, which saw Microsoft buy Activision and Sony acquiring Bungie. In general, the gaming industry pockets a lot of money, and an industry-wide consolidation makes sense because toda
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Akashdeep Arul
Akashdeep Arul is a technology journalist who seeks to analyze the advancements and developments in technology that affect our everyday lives. His articles primarily focus upon the business, cultural, social and entertainment side of the technology sector.
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