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