King Digital Entertainment is acquired by Activision Blizzard
Activision Blizzard buys Candy Crush developer for $5.9 Billion.
The acquisition is subject to approval by King's shareholders and the Irish government, but is expected to be complete by spring 2016, Activision Blizzard said.
"The combined revenues and profits solidify our position as the largest, most profitable standalone company in interactive entertainment," said Bobby Kotick, CEO of Activision Blizzard, in a release. "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."
King will continue as an independent operating unit under CEO Riccardo Zacconi, chief creative officer Sebastian Knutsson and chief operating officer Stephane Kurgan.