Video Game Maker Activision to Buy ‘Candy Crush’ Maker for $5.9B

Wall Street King Digital IPO
AP

Video game maker Activision Blizzard Inc. said it will buy the maker of the popular “Candy Crush Saga” game, Reuters reported.

Activision will buy King Digital Entertainment for $5.9 billion to strengthen its games portfolio. It will pay $18 in cash per King share.

King went public last year and has been struggling to boost bookings. It will continue to be led as an independent operating unit.

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