Coming from reports in the fall of last year, Call of Duty publisher Activision was in negotiations to buy mobile games developer King, creators of the highly-successful Candy Crush Saga series, for an astounding $5.9 billion, with Activision having now confirmed its full acquisition of the company.
Activision confirmed in a press release that the company has completed its acquisition of King, with the final purchase coming in at a total equity value of $5.9 billion (as confirmed last year). The company is purchasing King at a rate of $18 per outstanding shares.
Activision also added more thoughts on the purchase of King, with the company now able to reach an additional 500 million users with the completion of the deal.
Activision CEO and President Bobby Kotick also added in a statement regarding the acquisition of King that “we see great opportunities to create new ways for audiences to experience their favorite franchises, from Candy Crush to World of Warcraft to Call of Duty and more, across mobile devices, consoles and personal computers.”