Activision To Acquire Maker Of ‘Candy Crush’ For Nearly $6 Billion

Candy Crush Acquired by Activision

Video game maker Activision Blizzard has announced plans to acquire Candy Crush Saga and the rest fo the King Digital Entertainment app eco-system for $5.9 billion.

Activision will pay $18 for each outstanding King (KING) share — a 20% premium over the stock price on October 30. King shares are down from a high of $22.50 during its 2014 IPO.

“Mobile gaming is the largest and fastest-growing opportunity for interactive entertainment and we will have one of the world’s most successful mobile game companies,” said Activision CEO Bobby Kotick.

Activision is the developer of Guitar Hero, Call of Duty, and other popular PC and console games.

UK-based King was the third-ranked mobile game publisher worldwide on iOS and Google Play in September, according to app analytics site App Annie.

“Candy Crush Saga” and “Candy Crush Soda Saga”¬†are the company’s two most popular games, a fact that has worried many analysts.

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Written by Peter Mondrose

Peter Mondrose

Peter Mondrose is the Editor-In-Chief at BusinessPundit. He received his degree in Economics in 1998 and a second degree in Journalism in 2004. He has served as a financial adviser, market trader, and freelance journalist for the last 11 years. When he's not investigating market conditions and reporting on workplace news, he can be found traveling with his wife, dog, and laptop. He can be reached at PeterMondrose@BusinessPundit.com or (929) 265-0240.