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Activision to purchase King Digital for $5.9 Billion


Activision Blizzard has agreed to purchase the outstanding shares of King Digital Entertainment for $5.9 billion, meaning that it will own the top selling properties for PC, Mobile and Console.


"The combined revenues and profits solidify our position as the largest, most profitable standalone company in interactive entertainment," said Activision Blizzard CEO Bobby Kotick in a statement. "With a combined global network of more than half a billion monthly active users, our potential to reach audiences around the world on the device of their choosing enables us to deliver great games to even bigger audiences than ever before."

The acquisition is expected to complete in spring 2016 and gives Activision top selling properties such in the Candy Crush series, as well as other popular titles by King. This of course, is in addition to properties it already owns such as the Call of Duty series, Skylanders and World of Warcraft.

Edited On 03 Nov, 2015

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