TRENDING NOW: HDD and SSD crypto mining frenzy begins, could see shortages like GPUs

Activision Blizzard finalizes Candy Crush app game maker buyout

Activision Blizzard has acquired Candy Crush makers King - meaning they now have 500 million gamers under owned titles.

@smithymayo
Published Wed, Feb 24 2016 6:29 AM CST   |   Updated Tue, Nov 3 2020 12:01 PM CST

For the cool price of $18.00 per share for a total equity value of $5.9 billion, Activision Blizzard has completely acquired the makers of Candy Crush Saga, King.

Activision Blizzard finalizes Candy Crush app game maker buyout | TweakTown.com

With this takeover comes a massive influx of users, with CEO of Activision Blizzard, Bobby Kotick, stating that "We now reach over 500 million users across almost every country, making us the largest game network in the world. We see great opportunities to create new ways for audiences to experience their favorite franchises." This massive user base comes partly thanks to the relatively new addition of Battle.net and the continued long-term service of World of WarCraft.

This takeover means that King will still be lead by the original team, with a recently issued press release stating that Candy Crush and other king games will be commanded 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."

I'm a competitive gamer and was an eSports employee. Recent changes have seen me hang up the mouse and move over to the technology world, covering all news for TweakTown, ranging from gaming news to opinion articles and the latest tech releases. Expect to see a few different articles on international eSports news and competitive game releases, as well as audio and mobile device content.

Newsletter Subscription

Related Tags

Newsletter Subscription
Latest News
View More News
Latest Reviews
View More Reviews
Latest Articles
View More Articles