Buyer activity in Q1 2026 was heavily concentrated in North America and the United Kingdom, with the US accounting for 40% of all acquirers, reinforcing its position as the central hub for Gaming M&A activity. The United Kingdom followed with 14%, reflecting continued strength from both strategic buyers and investment-driven platforms. 

In Asia, Japan was home to the most buyers at 7% followed by South Korea at 5%, highlighting ongoing regional expansion and outbound investment from established Gaming companies. A secondary group of buyers emerged across the Tech M&A universe, particularly for companies in the Gaming sector.  

Beyond these core markets, buyer activity was widely distributed across smaller jurisdictions, each contributing a limited share. This pattern underscores the global and cross-border nature of Gaming M&A, where acquirers increasingly look beyond domestic markets to access growth opportunities, talent, and scalable content worldwide. Dealmaking remained highly international as 54% of transactions were cross-border. 

Seller activity in Q1 2026 was primarily concentrated in North America and key European markets, with the US accounting for 37% of all targets, clearly maintaining its position as the dominant source of Gaming assets. The United Kingdom was home to 14% of sellers followed by Japan at 10% as the most active individual markets outside the US, highlighting continued strength in both Western and Asian development hubs. 

Beyond these core regions, seller activity was highly fragmented, with individual transactions spread across a wide range of markets—including Eastern Europe, Southeast Asia, and Latin America—each contributing a small share to Tech M&A volumes in the Gaming sector. This distribution underscores the increasingly global nature of gaming development, where attractive assets are sourced not only from traditional hubs but also from emerging and specialized markets.