Activision Blizzard has acquired King Digital Entertainment for an astounding sum of $5.9 billion.
As reported by IGN, Activision Blizzard bought all of the shares from the Candy Crush developer for $18.00 each. This total ended up being $5.9 billion.
To put this into perspective, Activision Blizzard’s acquisition of King Digital Entertainment is huge. In comparison, Disney bought Star Wars for $4 billion and Microsoft bought Minecraft for $2.5 billion. Facebook bought Oculus Rift for $2 billion.
It is kind of mindblowing how Activision Blizzard bought King Digital Entertainment for a larger amount of money than the other things mentioned above.
Activision Blizzard feels this will top its portfolio of offering great games. The company feels King Digital Entertainment will boosts its penetration cross mobile, console and PC platforms.
As many people know, King Digital Entertainment is the developer for games such as Candy Crush Saga and Candy Crush Soda Saga. These games have made a ton of money on Facebook and continues to be one of the most played games on the social media website.
It will be interesting to see the direction of King Digital Entertainment with Activision Blizzard now in charge. One has to wonder if Activision Blizzard’s famous IPs could be turned into popular mobile games.