ACWA Power’s solar project in Egypt closes $123m financing 

ACWA Power’s solar project in Egypt closes $123m financing 

RIYADH: The global video gaming industry, valued at $380 billion, is poised for a wave of mergers and acquisitions in the coming years, fueled by investors and multinational tech companies eyeing growth opportunities, industry experts revealed. 

Addressing a panel discussion at the Next World Forum in Riyadh on Aug. 30, the experts highlighted that the video gaming industry is currently experiencing a golden era, with people of all ages engaging in gaming. 

Kyu Lee, president of South Korean game developer Com2us, said: “Lots of different types of acquisitions are going to happen. Microsoft-Activision is a great example, but there will be much more. If you look at it from an international point of view, there could be much more. I think this is just the beginning.”  

During the panel discussion, Jean Hilgers, founder of BITKRAFT Ventures, an esports investment platform, noted that several multinational tech giants who never thought about the gaming industry are now slowly entering the sector.  

“The buyer space is as large as it was ever before. The pool of buyers has expanded significantly, as major public companies like Netflix and Facebook on the tech side have suddenly become acquirers of gaming companies,” said Hilgers.  

According to research analyst Global Data, the