Aream & Co: games M&A totals $57.8bn in Q3, including EA's $55bn leveraged buyout

Investment bank Aream & Co reports 54 games industry M&A deals worth $57.8 billion in the third quarter, including the $55 billion leveraged buyout of Electronic Arts completed on August 5. Content-focused M&A accelerated, with 18 control deals for developers and publishers above $100 million year-to-date, concentrated in Asia, including Alibaba's sale of Lingxi Games to Trustar Capital, Netmarble founder Bang Jun-hyuk's $270 million purchase of Tencent's stake, and Sony Music Entertainment's $180 million minority stake in GungHo. Public market revenue rose 122% year-on-year to $1.3 billion across 13 deals, while console revenue fell 12% to $14.1 billion, with Nintendo down 18%, Xbox 10% and PlayStation 9%.