Activision Blizzard Acquires KING

Not a gambling news item really but big enough for a mention, video game maker Activision Blizzard has revealed that it is due to acquire “Candy Crush Saga” hit game’s creator King Digital Entertainment for a purchase price of $5.9 billion.gamesThe deal is believed to be one of the biggest in the industry in recent years and more than twice the size of Microsoft Inc’s purchase of “Minecraft” maker Mojang for the sum of $2.5 billion last year and the biggest ever acquisition of a mobile gaming company.

According to Activision, the acquisition will see it become the new global leader in mobile gaming and it will create one of the largest entertainment networks with more than half a billion monthly active users in 196 countries.