Market analytics firm Digi-Capital revealed this week that games deals have already exceed a record $25 billion in the first nine months of 2018.
However, as Digi-Capital noted, this "could signal top of the market"; when this previously happened in 2014 games investment and M&A plunged immediately to the lowest level in a decade.
"The games deals cycle has swung from boom to bust twice already since 2010, so the next six months will determine if history repeats itself or the dollars continue to flow," said managing director Tim Merel.
While the latest report from Digi-Capital highlights the "unprecedented" level of investment witnessed in 2018, M&A have yet to reach the same heights of 2016, and the games IPO market has almost entirely evaporated.