An exPlayStation wants to buy a video game company for $1,000 million or more

Jack Tretton is part of a SPAC that has already raised $250 million to invest in the industry.

The video game industry is currently experiencing periods of great workload with several key players: Tencent, Sony and Microsoft; but where some see less diversity for the industry, others see an opportunity to gain a foothold. this is the case Jack TrettonLooking for ex-CEO of PlayStation America Acquiring a large company for $1,000 to $2,000 million.

Jack Tretton has been with PowerUp Acquisition for several months, a special purpose acquisition company (SPAC) headed by former Vivendi gaming chief Bruce Hack. More than $250 million in FebruaryAccording to Axios, his sole aim was to take control of a company in the industry within three months at the most, but the initial idea was to do it at 18.

Jack Tretton sees opportunities to fill the role of recent acquisitionsAny tips on which company to buy? Tretton is in favor of buying a traditional publisher or developer given their experience, but points out that its partners have their own preferences in his statements to the news portal. That is, a crash can happen to any firm as long as it is not in the process of leaving the industry or entering a recovery process.

The PlayStation veteran is looking to return to the industry in a big way in an era of “growth” and opportunity. “If an Activision becomes part of Microsoft or a Zynga becomes part of a Take-Two, that creates space for a new Zynga or a new eventand maybe someone who is an Activision or a small part of Zynga becomes the next Activision or a Zynga.”

He is also pleased with how the explosion of digital platforms has allowed small studios, he told IGN. trust less big publishers to bring their games into the world. “It’s still very expensive to make a game, but it’s a fraction of what it used to be when you had to make a $100 million AAA project to see the light of day on the shelves.”

Special purpose buyouts are rare in the video game industry, though Axios states that former Nintendo of America president Reggie Fils-Aime is also currently actively involved.

recent purchases

This year started strongly in the area of ​​acquisitions of large companies. On the one hand, Microsoft announced its intention to buy Activision Blizzard for more than $70,000 million, while PlayStation did the same with Bungie for $3,600 million. All without forgetting Tencent’s continued worldwide acquisitions or other companies in the industry such as the Embracer Group.