The Consolidation of the Games Industry

Microsoft buying Activision is just one of a row of transactions and investments that we've seen over the last few years. So I'd take two acquired Zinga, EA's been buying Glue mobile, Codemasters and a bunch of other companies. Then there's all these funds out there so Embraceor which is now the largest European game maker by Barkitcap. It's funded by the Saudi Arabian public investment fund and savvy gaming which is a subsidiary. All this money flowing in the industry and they're all consolidating.