Activision acquires Candy Crush company King for $5.9bn

[Administrator]

Activision Blizzard has bought King, the company behind Candy Crush Saga, for $5.9bn.
That's $18 in cash per share, according to the announcement on the matter. The details are still being sorted, but Activision is expected to complete the acquisition by spring 2016.
"Activision Blizzard believes that the addition of King's highly-complementary business will position Activision Blizzard as a global leader in interactive entertainment across mobile, console and PC platforms, and positions the company for future growth," the publisher said.
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