Monday , June 11 2018

Activision just bought King Digital Entertainment for $5.9B, makers of Candy Crush


While most of Australia was caught up with watching horses running in circles, a major, major transaction just took place. If you’ve ever played Candy Crush Saga on Android or iOS, then you’ve used King’s software, and it’s now worth an estimate PILE of money.

It has been announced that Activision will pay $18 for each share in King Digital Entertainment plc, in a move that will see $5.9 BILLION US dollars change hands. Mobile gaming is a huge industry, valued somewhere in the vicinity of $36 billion for 2015, so this transaction is certainly one of the more notable events in mobile gaming this year.

In the short term there’ll be no impacts for users of King’s games and software, with King likely to remain as a stand-alone business unit within Activision’s portfolio.

Source: Bloomberg.

Chris Rowland   Editor and Publisher

Chris has been at the forefront of smartphone reporting in Australia since smartphones were a thing, and has used mobile phones since they came with giant lead-acid batteries that were "transportable" and were carried in a shoulder bag. He saw the transition from AMPS to GSM, loved the Motorola StarTac, and got into Palm technologies in a big way. The arrival some years later of the original iPhone, and then the early Androids, awoke a new interest in mobile technology, and Chris has been writing about it since.

Today, Chris publishes one of Australia's most popular technology websites, Ausdroid. His interests include mobile (of course), as well as connected technology and how it can make all our lives easier.

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