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Activision Blizzard and King Digital Entertainment have announced the completion of the acquisition of King for a total equity value of $5.9 billion.
King is best known for it hugely successful Candy Crush mobile games.
The acquisition makes Activision Blizzard the largest game network in the world, reaching over 500 million users.
“We see great opportunities to create new ways for audiences to experience their favourite franchises, from Candy Crush to World of Warcraft to Call of Duty and more, across mobile devices, consoles and personal computers,” commented Bobby Kotick, chief executive officer of Activision Blizzard. “On behalf of Activision Blizzard, we are delighted to welcome Riccardo, Sebastian, Stephane and all of King’s talented employees to our family.”
King will continue to be led by chief executive officer Riccardo Zacconi, chief creative officer Sebastian Knutsson, and chief operating officer Stephane Kurgan, and operate as an independent unit of Activision Blizzard.
Source: Activision Blizzard
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