Brandon Ross: top related news
03.02 / 00:03
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Microsoft, Sony acquisitions are just the start of massive video game industry consolidation
Within the span of one month, three major video game companies made seismic acquisitions that are changing the shape of the industry. First, it was Grand Theft Auto publisher Take-Two Interactive buying mobile giant Zynga for $12.7 billion, which was, at the time, the biggest acquisition in the industry’s history. Just over a week later, Microsoft announced plans to buy Activision Blizzard in a deal worth $68.7 billion, more than five times the size of Take-Two’s record-breaking acquisition. To round out January, Microsoft competitor Sony announced its new purchase: Destiny 2 developer Bungie, for $3.6 billion.