Activision Blizzard to Acquire King, Makers of Candy Crush

$5.9 Billion

A press release was posted yesterday stating that Activision / Blizzard, a company that has over a 1000 titles under its band, is to acquire King Digital Entertainment. King’s biggest game is the hit Candy Crush. King has studios in Stockholm, Bucharest, Malmö, London, Barcelona, Berlin, Singapore and Seattle along with offices in San Francisco, Malta, Seoul, Tokyo, and Shanghai. King offers 200 titles, and offer games in over 200 countries and regions

On November 2, 2015, King Digital Entertainment plc and Activision Blizzard, Inc. announced that they reached an agreement under which Activision Blizzard will acquire all of the outstanding shares of King for $18.00 in cash per share for a total equity value of $5.9 billion. The Boards of Directors of both Activision Blizzard and King unanimously approved the proposed transaction, which is being implemented by means of a scheme of arrangement under Irish law. The transaction is subject to approval by King’s shareholders and the Irish High Court, clearances by the relevant antitrust authorities and other customary closing conditions, and is expected to be completed by Spring 2016.

KING PRESS RELEASE

 

 

Share this post

  • Subscribe to our RSS feed
  • Share this post on Delicious
  • StumbleUpon this post
  • Share this post on Digg
  • Tweet about this post
  • Share this post on Mixx
  • Share this post on Technorati
  • Share this post on Facebook
  • Share this post on NewsVine
  • Share this post on Reddit
  • Share this post on Google
  • Share this post on LinkedIn

About the author

Ian Schwartz had written 137 articles for TEKNAMI

Hello, I'm Ian (eye-an) I was born in Recife, Brazil and raised in the fridge tundra of Minneapolis, MN USA. I graduated from Full Sail University in Winter Park, FL with an AA in Audio Recording Production and Engineering. I love tech, always have since I was a little tot and what better way to know more then to tell everyone else about it also. So here is teknami (tech-nah-me) Tek for tech and nami is a derivative of namesake.