Activision Blizzard video games buys King Digital for $5.9 bn
SAN FRANCISCO: US video game producer Activision Blizzard announced late Monday that they are buying King Digital Entertainment, best known for its “Candy Crush Saga” mobile game, for $5.9 billion.
Activision Blizzard, which produces such games as “Call of Duty,” said in a statement the purchase will create one of the largest global entertainment networks with over half a billion combined monthly active users in 196 countries.
California-based Activision Blizzard has some of the best known video game titles on the market, including “World of Warcraft,” “Diablo,” “Guitar Hero,” “Skylander” and most recently “Destiny.”
Activision Blizzard said it believes the addition of King’s business, which it called highly-complementary, will position it “as a global leader in interactive entertainment across mobile, console and PC platforms.”It added that the move, positions the company for future growth.