Michael Metzger on AAA Game Prices, M&A Activity and US Tariffs

Global technology investment bank Drake Star has released its latest Global Gaming Report Q1 2025 (GamesMarkt reported). Gaming M&A activity rebounded in Q1 2025, with 48 announced deals totalling $4.4 billion in disclosed value. This represents the highest quarterly deal value in almost two years. A gradual increase in M&A activity is expected for the remainder of the year. Public markets showed signs of recovery. We spoke to Michael Metzger, Managing Partner at Drake Star, about gaming M&A and financing, the stock market, the recent Tencent/Ubisoft deal, AAA game pricing, and the impact of the Trump administration's tariff policy on the games industry.

Global technology investment bank Drake Star has released its latest Global Gaming Report Q1 2025 (GamesMarkt reported). Gaming M&A activity rebounded in Q1 2025, with 48 announced deals totalling $4.4 billion in disclosed value. This represents the highest quarterly deal value in almost two years. A gradual increase in M&A activity is expected for the remainder of the year. Public markets showed signs of recovery. We spoke to Michael Metzger, Managing Partner at Drake Star, about gaming M&A and financing, the stock market, the recent Tencent/Ubisoft deal, AAA game pricing, and the impact of the Trump administration's tariff policy on the games industry.