2011: Top Deals of 2011 in Gaming!
Originally posted on VentureBeat:
The social and mobile games gold rush inspired lots of investments in 2011, as venture capitalists tried to find the next Zynga. But the year was also a big one for acquisitions, particularly as big companies such as Electronic Arts tried to outmaneuver the social game giant via acquisitions.
In 2011, 77 game companies were acquired for at least $2.827 billion, according to research by VentureBeat and other sources. We didn’t count the numbers for last year, but IHS Screen Digest reported that game acquisitions and fundings are likely to be twice as large in dollar value in 2011 compared to 2010. This original report by GamesBeat complements our research that showed game companies raised a record $1.54 billion in 2011.
The money going into games has fundamentally shifted from the consoles to social, mobile and online gaming, as investors and game creators chase the consumers who are playing games on many different kinds of devices and are embracing new business models, such as free-to-play games, where users play for free and pay small amounts for virtual goods.