Paris, France
Andrew Ponomar, the CEO of Enter Capital was presenting research on the investment and M&A trends in the video gaming industry and moderated a panel with industry leaders at the Game Connections conference in Paris.
The presentation highlighted recent M&A trends and the most active players in the game space. Keywords Studios was the most active acquirer with over 40 small to mid-size transactions, followed by Playtech and Zynga with 15 and 12 deals respectively, each spent around $2 billion on the acquisitions. While the most sizable deal was the acquisition of Supercell for $10.2B by Tencent Holdings in 2016.
Among other participants of the panel were the media and entertainment industry experts, including
- Sean Lee – Chief Corporate Development Officer of Wargaming.net & Former Director of M&A at Tencent
- Thibaud Morin – Managing Partner of Level-Up VC & Former SVP of M&A at Vivendi
- Ferdinand Pons – Director of M&A at Gameloft
- Alexei Kudriashov – Co-founder of Sperasoft Inc (sold to LSE:KWS) and Enter Capital Partner.
On the investment side, the panel discussed topics highlighted by Andreessen Horowitz in their article “State of Play: Six Trends Revolutionizing Games” where authors Jonathan Lai and Andrew Chen compared new generation games to the old school.
The 6 key differences between the next generation of games and their predecessors:
Source: State of Play: Six Trends Revolutionizing Games by Jonathan Lai and Andrew Chen https://a16z.com/2019/10/16/trends-revolutionizing-games/
Andrew, with the panel participants, went through the game trends described in the article to show where the game trends had major footprints on investment trends and significantly changed investors’ behavior.
Enter Capital Team
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