Wave of acquisitions affecting gaming industry, including Poland

According to the Drake Star Global Gaming Q3 2025 report, the global gaming industry is entering its largest M&A wave in a decade, following a rebound in valuations and investor confidence. In Q3 alone, 50 gaming deals were recorded — the highest in a year — highlighted by the record-breaking $55 billion leveraged buyout of Electronic Arts by Saudi Arabia’s PIF and Silver Lake.
Analysts expect this momentum to reach Poland’s Warsaw Stock Exchange (GPW) in 2026, targeting mid-sized studios such as Bloober Team, CI Games, PCF Group, 11 bit studios, and Ten Square Games. While giants like CD Projekt are likely to remain independent, smaller and mid-tier companies could face takeovers or delistings amid renewed private equity and strategic investor activity.