Tuesday, November 3, 2015
Activision Blizzard Buys "Candy Crush" maker (King Digital) for $5.9B
Candy Crush Saga was the most sought after app of 2013, it is a very addictive game and it is made by King Digital. Video game behemoth Activision Blizzard is acquiring King Digital for $5.9 billion.
The deal was announced late, Activision Blizzard (ATVI) maker of games Call of Duty and Destiny — will acquire all outstanding King shares for $18.00 in cash per share, a 20% premium to King's (KING) Oct. 30 closing share price.
The deal brings together two of the top five highest-grossing mobile games in the U.S. (Candy Crush Saga and Candy Crush Soda Saga), with the top global console video-game franchise in Call of Duty, and the world’s biggest PC game franchise, World of Warcraft, the companies said.
During the twelve months ending Sept. 30, 2015, the companies had adjusted revenues of $4.7 billion (Activision Blizzard) and $2.1 billion (King).
Candy Crush remains popular and ranked 3rd in the Apple app.