Publicly traded gaming companies have accumulated a significant $45 billion in cash and cash equivalents. This surplus cash might lead to increased consolidation within the $188 billion video games market,

as stated in a report by venture capital firm Konvoy. Companies such as Activision Blizzard, Electronic Arts, Sea from Singapore, Nintendo from Japan, Bandai Namco, Nexon from South Korea, and NetEase from China

collectively hold this substantial amount, based on the most recent public reports, according to Konvoy.