Mega Deals

Easybrain Acquired by Minicip

Deal Value: $1.2B

And finally, Cyprus-based mobile games developer Easybrain was picked up for $1.2B by its peer Miniclip in November to expand its portfolio and strengthen its position in the mobile gaming market. 

Minicip Acquired Easybrain Easybrain Acquired by Minicip

Pluto Acquired by Flutter Entertainment

Deal Value: $2.6B

And finally, Italian gambling technology group Pluto was purchased for $2.6B at a 2.6 sales multiple in September by Flutter Entertainment to expand its international presence, particularly in the Italian market. 

Flutter Entertainment Acquired Pluto Pluto Acquired by Flutter Entertainment

Keywords Studios Acquired by EQT

Deal Value: $2.6B

In July, gaming operator Keywords Studios was acquired for $2.6B at a 2.4 revenue valuation by private equity firm EQT. 

EQT Acquired Keywords Studios Keywords Studios Acquired by EQT

International Game Technology Acquired by Apollo Global Management

Deal Value: $4B

Looking at the largest deal seen during the first nine months of 2024, gaming company International Game Technology sold its gaming and digital businesses for $4B to PE firm Apollo Global Management. 

Apollo Global Management Acquired International Game Technology International Game Technology Acquired by Apollo Global Management

Key Transactions

Yellow Lab Games Acquired by Reforged Studios

Also in December, South African indie game development studio Yellow Lab Games was bought by indie game publisher Reforged Studios to expand its portfolio and boost its creative capabilities while supporting the local gaming industry. 

Reforged Studios Acquired Yellow Lab Games Yellow Lab Games Acquired by Reforged Studios

Novibet Acquired by Allwyn

Deal Value: $226M

In December, online sports betting operator Novibet was purchased for $226M by lottery publisher Allwyn to elevate its presence in the rapidly evolving online gaming industry. 

Allwyn Acquired Novibet Novibet Acquired by Allwyn

Plarium Acquired by MTG

Deal Value: $620M

In November, RPG Raid Maker Plarium was acquired for $620M at a 1.3 sales multiple by Swedish digital entertainment company MTG to enhance its gaming portfolio and accelerate growth in the mid-core gaming segment.    

MTG Acquired Plarium Plarium Acquired by MTG

Certain Affinity Acquired by Keywords Studios

In October, US-based game development studio Certain Affinity was snapped up by Keywords Studios to broaden its service offerings and deepen its involvement in game development. 

Keywords Studios Acquired Certain Affinity Certain Affinity Acquired by Keywords Studios

Growth and Exit Consulting

If you are aiming to learn about the key deals and valuations for gaming companies, then you've come to the right place. With our report, you'll get valuable information that will inform the future of your company, and educate yourself on the current trends in the market.