Activision Acquires King

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Candy Crush Saga makers, King has officially been bought by Activision.

The deal has Activision procuring the outstanding shares of King for $18 per share. The total value of the equity amounts to $5.9 billion. According to the press release Activision is now able to reach an audience of over 500 million users.

King will still function under the leadership of Chief Executive Officer Riccardo Zacconi, Chief Creative Officer Sebastian Knutsson, and Chief Operating Officer Stephane Kurgan, and will continue to function as an independent unit from Activision.

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