2. Acquisition Insanity: Xbox Buys Activision Snowfall, Sony Buys Bungie, Embracer Crew Buys Heart-earth Enterprises

Consolidation endured its rampant run during the video games {industry} in 2022, and no deal used to be larger than Microsoft’s acquisition of Activision-Blizzard for $68.7 billion USD. Will have to the deal undergo, it’d be the most-expensive video game-related acquisition by way of an extended shot. It’s lately dealing with scrutiny from regulatory commissions the world over, together with the CMA in the U.K. and the FTC within the U.S., which has now sued Microsoft in an try to block the deal.

The largest hiccup appears to be Sony’s push against making Call of Duty exclusive to Xbox consoles. Microsoft spoke back to that fear by way of providing Sony a 10-year deal to keep Call of Duty on its rival PlayStation platform — a deal Nintendo subsequently accepted. As of December 7, a ruling at the merger has but to be made in each the U.Ok. and the U.S.

Earlier than Microsoft’s made its industry-shaking announcement, Take-Two used to be house to the most important games-related acquisition for a unmarried week in January because of its $12.7 billion acquisition of mobile gaming giant Zynga. (Microsoft’s announcement got here simply 8 days later.)

Sony, refusing to fail to spot January 2022’s acquisition celebration, snatched up Destiny developer Bungie for a fab $3.6 billion. Later within the 12 months, Embracer Crew endured its spending spree by way of buying quite a few studios and IPs from Square Enix, together with Crystal Dynamics, Eidos-Montréal, Tomb Raider, Deus Ex, Thief, Legacy of Kain, and extra. It then snatched up Middle-earth Enterprises, which got here with the movie, recreation, products, theme park, and level play rights to The Lord of the Rings and The Hobbit.

Different notable recreation studio acquisitions in 2022 come with Nordisk Video games’ acquire of Supermassive Games (Darkish Photos, The Quarry) and NetEase’s acquire of Quantic Dream (Heavy Rain, Megastar Wars Eclipse).

The highest information tale of the 12 months on IGN used to be Elon Musk’s takeover of Twitter. The Tesla and SpaceX CEO finished his $44 billion USD acquire of the social media website on October 27.

The Musk-Twitter saga started in April when Musk bought 9.2% of the corporate to grow to be its greatest unmarried shareholder. He used his newfound affect to push for an edit button, which used to be showed to be within the works an afternoon later, even though Twitter mentioned the characteristic have been in building neatly sooner than Musk’s name to motion.

Former Twitter CEO Parag Agrawal reputedly welcomed Musk’s stake within the corporate to start with, making plans to nominate Musk to Twitter’s board of administrators, pronouncing the entrepreneur would upload “nice price.”

Every week later Musk introduced he wouldn’t be becoming a member of Twitter’s board of administrators, and in a while after he presented to shop for the corporate outright for $44 billion. Twitter’s board spoke back by way of unanimously seeking to block Musk’s takeover, even though simply 10 days later it authorised the bid.

After some public backward and forward referring to Twitter’s bot numbers, Musk withdrew his be offering and used to be sued by way of Twitter. Musk have shyed away from trial by way of voluntarily finishing the buyout in October, then promptly fired its CEO, CFO, head of felony coverage, accept as true with, and protection, and normal suggest.

What’s adopted has been a messy sequence of occasions, together with an ever-changing try to overhaul Twitter’s verification system, layoffs of kind of part of Twitter’s body of workers, the top of far flung paintings for Twitter workers, and mass resignations,

As for the long run, Musk says he hopes to step away from running Twitter. Chapter isn’t out of the query both, according to Musk, whilst the Federal Business Fee says it’s “monitoring fresh building at Twitter with deep fear.”

We’ll be following this ongoing tale all over 2023. Keep tuned to IGN for the most recent.

There you’ve gotten it: IGN’s 20 most vital information tales of 2022. What do you suppose used to be essentially the most impactful tale of the 12 months? Which large headlines have been you shocked to search out lacking from our listing? Tell us within the feedback!

Jordan Sirani is a contract author for IGN.

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