Among the 3 core segments in this space, Game Developers continued to lead M&A activity in the Gaming sector, representing 53% of total deals through September 2025. They are followed by companies that are acquired to integrate specific technologies, like AI, anti-cheat software, or porting services, at 38%, while game publishers accounted for 9% of transactions. These patterns underscore a strategic emphasis on diversifying portfolios, integrating advanced technologies and expanding market presence across multiple gaming platforms.