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How Krugman works
An end-to-end intelligence suite engineered for analysts, associates, and senior dealmakers.
M&ACompleted
328
OverviewRationaleCompsFinancials
Microsoft’s all-cash purchase is its largest acquisition to date, folding Call of Duty, Warcraft and Candy Crush into Xbox Game Pass. The deal closed in October 2023 after a 21-month regulatory review across the US, UK and EU, the longest of any Microsoft transaction.
Find a Deal
Filter 200+ daily M&A, ECM, and DCM transactions with granular sub-sector tags, valuation multiples, and country flags.
Strategic Teardown
Prior ClosePremiumOffer Price
The all-cash structure removes financing contingency risk entirely, while the premium reflects the strategic value of console and mobile publishing rights. Clearance required sign-off from the US FTC, UK CMA and EU Commission, with the CMA’s initial block later overturned after a restructured cloud-streaming remedy submitted by Microsoft.
Deal Team
Read Expert Breakdown
Understand strategic rationale, synergies, enterprise value teardowns, and EBITDA multiples written by former analysts.
4:07
11:42
Play in the background
Listen on the Go
Stream crisp, coherent 12-minute audio briefings on major transactions during your morning commute or gym session.
Gaming M&A PrecedentsQ3 2026
| Deal | Value | EV/Rev | IRR |
|---|---|---|---|
 | 12.7B | 6.8x | 14% |
 | 4.9B | 5.1x | 11% |
 | 3.6B | 4.4x | 9% |
| + 11 more… | … | … | … |
Sector Volume$89.9B Combined
Find Comps & Precedents
Benchmark valuation multiples against recent peer transactions and instantly calculate median EV/EBITDA and EV/Sales.
J.P. Morgan
Global Investment Bank
DealsPeopleM&A DataJobs
Microsoft / Activision Blizzard
Technology · Completed
RW
Evercore / Robey Warshaw
Advisory · Announced
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Follow top private equity sponsors, corporate development teams, and boutique advisors to receive custom instant alerts.
M&A League Table 2026Global
1Goldman Sachs
$142.8BGoldman Sachs2_1777399560015-C-lvSLik.jpg)
Morgan Stanley
$118.4BMorgan Stanley3J.P. Morgan
$94.2BJ.P. Morgan4
Citi
$76.5BDaily Volume Recalibration
Total Volume Tracked:$5.28 Trillion
Track Rankings
Inspect verified league tables and market share leaderboards for investment banks and legal advisors across every sub-sector.
Testimonials
What our members say
How students, bankers, lawyers, investors and enthusiasts sharpen their edge with Krugman Insights.
I haven't missed a single live deal in my sector since I started using the deal tracker, and the coverage is faster and far more granular than the wires I used to rely on.
VP, TechnologyHoulihan LokeyThe way each analysis explains the 'why' behind a deal, not just the numbers, is what finally made M&A click for me.
BSc. International Politics & GovernmentBocconi UniversityWhat impressed me most is the pace of development, since I flagged a feature request and it was live within a couple of weeks.
Managing DirectorLazardI walked into my interview able to talk through a deal’s strategic rationale in real depth, and that’s how I secured my full-time offer.
MSc. FinanceLSEConnect lets me see every advisor on a transaction and map the relationships in minutes, so it’s become my first stop for origination.
Analyst 1, Commodities SalesJ.P.MorganThe community is genuinely the best part, and I’ve learned more from other members breaking down live deals than from any textbook.
MSc. ManagementESCP Business SchoolThe strategic rationales are written with a clarity I’d expect from a top-tier research desk, and they save me hours of synthesis.
Associate, Tech & IPKirkland & EllisI build a list of every deal in a sector before coffee chats so I’m never caught off guard, and exporting it to CSV takes one tap.
MSc. ManagementHEC ParisScreening comps and pulling league tables flows seamlessly in one place, so I’m no longer juggling five tabs to build a single pitch.
Associate, ECMDeutsche BankAs someone newer to finance, the analyses break concepts down at exactly my level instead of drowning me in jargon.
Sophomore, HistoryYale UniversityI prepped for my interviews almost entirely on the deal analyses, and being able to walk through live transactions in real depth is exactly what converted my summer into a full-time offer.
Investment Banking Summer Analyst (Converted)Goldman SachsThe whole platform fits into my commute, and by the time I am at my desk I have already tracked every new deal in my sector and know exactly what moved overnight.
M&A AnalystLionTreeThe terminology builder is what finally got the language to stick, and now I can actually use the right terms naturally in interviews and coffee chats instead of second-guessing myself.
Finance UndergraduateUniversity of PennsylvaniaEverything is explained so clearly and is genuinely easy to follow, so going into interviews and coffee chats I feel like I properly understand each deal rather than just reciting it.
Masters in Management & StrategyIE Business School
I haven't missed a single live deal in my sector since I started using the deal tracker, and the coverage is faster and far more granular than the wires I used to rely on.
VP, TechnologyHoulihan LokeyI walked into my interview able to talk through a deal’s strategic rationale in real depth, and that’s how I secured my full-time offer.
MSc. FinanceLSEThe strategic rationales are written with a clarity I’d expect from a top-tier research desk, and they save me hours of synthesis.
Associate, Tech & IPKirkland & EllisAs someone newer to finance, the analyses break concepts down at exactly my level instead of drowning me in jargon.
Sophomore, HistoryYale UniversityThe terminology builder is what finally got the language to stick, and now I can actually use the right terms naturally in interviews and coffee chats instead of second-guessing myself.
Finance UndergraduateUniversity of Pennsylvania
The way each analysis explains the 'why' behind a deal, not just the numbers, is what finally made M&A click for me.
BSc. International Politics & GovernmentBocconi UniversityConnect lets me see every advisor on a transaction and map the relationships in minutes, so it’s become my first stop for origination.
Analyst 1, Commodities SalesJ.P.MorganI build a list of every deal in a sector before coffee chats so I’m never caught off guard, and exporting it to CSV takes one tap.
MSc. ManagementHEC ParisI prepped for my interviews almost entirely on the deal analyses, and being able to walk through live transactions in real depth is exactly what converted my summer into a full-time offer.
Investment Banking Summer Analyst (Converted)Goldman SachsEverything is explained so clearly and is genuinely easy to follow, so going into interviews and coffee chats I feel like I properly understand each deal rather than just reciting it.
Masters in Management & StrategyIE Business School
What impressed me most is the pace of development, since I flagged a feature request and it was live within a couple of weeks.
Managing DirectorLazardThe community is genuinely the best part, and I’ve learned more from other members breaking down live deals than from any textbook.
MSc. ManagementESCP Business SchoolScreening comps and pulling league tables flows seamlessly in one place, so I’m no longer juggling five tabs to build a single pitch.
Associate, ECMDeutsche BankThe whole platform fits into my commute, and by the time I am at my desk I have already tracked every new deal in my sector and know exactly what moved overnight.
M&A AnalystLionTree
FAQ's
Answers to frequently asked questions about memberships, data, and access.
What is Krugman Insights?
Krugman Insights is the premier financial intelligence platform and transaction workbench for dealmakers, investment bankers, private equity professionals, and advisors. We deliver real-time deal tracking, verified valuation multiples, in-depth deal teardowns, audio commentary, advisor league tables, and an executive networking directory.
What data and transaction types are covered in the Deal Tracker?
The Deal Tracker provides granular coverage across M&A, Private Equity, Venture Capital, Equity Capital Markets (ECM), and Debt Capital Markets (DCM). Each transaction includes verified enterprise values, valuation multiples (EV/EBITDA, EV/Sales, P/E), financing structures, and advisor rosters.
What are Deal Teardowns and Audio Breakdowns?
Our proprietary breakdowns provide comprehensive post-announcement analysis on major global transactions. We dissect strategic rationale, synergy models, debt financing packages, regulatory reviews (such as FTC and CMA scrutiny), and valuation benchmarks in both written and audio podcast formats.
How are advisory rankings and league tables determined?
League tables track mandate activity in real time across Bulge Bracket, Elite Boutique, Middle-Market, and Specialist advisory firms. Rankings can be filtered by deal volume, aggregate transaction value, sector, and region (North America, EMEA, LATAM, APAC).
Can my team or firm get corporate / enterprise access?
Yes. We provide customized corporate subscriptions with multi-seat management, centralized billing, and custom domain onboarding. For ease of use, email our team directly at team@krugmaninsights.com.
How does Krugman Insights compare to legacy financial terminals?
Unlike cumbersome legacy data terminals that cost tens of thousands per year, Krugman Insights provides an intuitive, modern, lightning-fast web experience built specifically for transaction analysis, strategic rationale, market monitoring, and executive networking at accessible pricing.
