Activision Blizzard bought King Digital Entertainment.

US company, Activision Blizzard, creator of famous games like World of Warcraft and Call of Duty, is buying King Digital Entertainment, creator of Candy Crush Saga.

The deal is said to be worth $5.9billion (£3.8billion). Activision Blizzard is also offering $18 (£11.66) in cash for each King share, and the deal is expected to boost Activision’s earnings by about 30%.

Blizzard also mentioned that the acquisition would make it a global leader in interactive entertainment across mobile, console and PC platforms.

King Digital Entertainment, which has its main offices in London and Stockholm, will continue to operate as an independent unit led by chief executive Riccardo Zacconi.

“Since 2003, we have built one of the largest player networks on mobile and Facebook, with 474 million monthly active users in the third quarter 2015. We believe that the acquisition will position us very well for the next phase of our company’s evolution.”
– Mr Zacconi

The deal is expected to be completed by the second quarter of 2016, assuming approval from shareholders and regulators.

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