Deal to buy King Digital is biggest takeover of a UK tech company in four years and will give World of Warcraft maker foothold in mobile games marketKing Digital Entertainment,the British creator of the hit smartphone game Candy Crush Saga, has been bought for $5.9bn (£3.8bn) in a deal that will mean a payday of more than $1.2bn for co-founders Mel Morris and Riccardo Zacconi.
King is being acquired by Activision Blizzard, and the US video game maker behind World of Warcraft and Call of Duty. The US group will pay $18 in cash for each King share – 16% more than the UK company’s closing price on Monday – in the biggest takeover in the British tech sector since Hewlett-Packard bought Autonomy in an ill-fated £7bn deal in August 2011. Related: Why is Candy Crush Saga so common? Continue reading...
Source: theguardian.com