Close
Report Comment to a Moderator Our Moderators review all comments for abusive and offensive language, and ensure comments are from Verified Users only.
Please report a comment only if you feel it requires our urgent attention.
I understand, report it. Cancel

Activision Blizzard-King acquisition closes

By Brendan Sinclair

Activision Blizzard-King acquisition closes

Tue 23 Feb 2016 3:12pm GMT / 10:12am EST / 7:12am PST
BusinessPublishing

Publisher touts "largest game network in the world" with 500 million users

Activision Blizzard

Headquartered in Santa Monica, California, Activision Blizzard, Inc. is a worldwide pure-play online...

activisionblizzard.c...

Activision Blizzard is now one of the biggest names in mobile games, as the publisher today finalized its acquisition of King. The publisher struck a deal to purchase the Candy Crush Saga maker for $5.9 billion last November.

"We now reach over 500 million users across almost every country, making us the largest game network in the world," Activision Blizzard CEO Bobby Kotick said. "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."

King's executive group--specifically CEO Riccardo Zacconi, chief creative officer Sebastian Knutsson, and chief operating officer Stephane Kurgan--will stay on and run the business as an independent division within Activision Blizzard.

Activision Blizzard also reiterated its outlook for 2016, projecting non-GAAP revenues of $6.25 billion with earnings per share of $1.75. While that would be a record year for Activision Blizzard, it still falls in line with the publisher's history of conservative forecasts. Simply combining the two companies' 2015 results would produce non-GAAP revenues of $6.77 billion and earnings per share of $3.25.

From GamesIndustry.biz Recommendations by Taboola

1 Comment

Michael Harrell Studying CS, University of Utah

23 30 1.3
I can't say I see the wisdom in the acquisition myself. But I can give them a hearty GLHF and pray that they don't pull an EA and fire all of their new employees in the next year or two.

Posted:7 months ago

#1

Login or register to post

Take part in the GamesIndustry community

Register now