Activision buys Candy Crush developer for $5.9 billion
Activision has announced that it acquired Candy Crush developer King Digital for $5.9 billion. The deal will have to go through approval in Ireland — where King is based out of — with a final agreement expected by spring of 2016.
Candy Crush continues to be one of the most popular games on mobile, bringing in $1.4 billion in revenue for King in 2014, and $529 million in the first half of 2015. By acquiring the franchise, Activision is now the "most profitable standalone company in interactive entertainment," according to CEO Bobby Kotick.
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