It seems the rich, just keep getting richer. Activision is set to King for (I hope you’re sitting down for this) $5.9 billion. This acquisition still has to go through some legal red tape, but Activision expects everything to be official by the spring of 2016. King is best known for their social media and mobile games, most notably Candy Crush Saga and Bubble Witch Saga, and making other similar games.
According to a King financial statement, Candy Crush Saga alone earned $1.33 billion in revenue in 2014. King has also reportedly grossed $529 million in the second quarter of 2015.
Activision owns the publishing rights to some of the biggest video games in the world in such titles as Call of Duty, World of Warcraft, Guitar Hero, and Skylanders. Even without the acquisition of King, Activision is one of the biggest companies in the gaming world. Activision’s CEO Bobby Kotick said in a press release:
The combined revenues and profits solidify our position as the largest, most profitable standalone company in interactive entertainment. With a combined global network of more than half a billion monthly active users, our potential to reach audiences around the world on the device of their choosing enables us to deliver great games to even bigger audiences than ever before.
What do you think gamers? Is this a case of more publishers moving toward the mobile market or is it something else entirely? Let us know in the comment section below and stick with New Gamer Nation as your source for all things gaming.