US games firm Activision Blizzard Inc has agreed to buy Candy Crush maker King Digital Entertainment for 5.9 billion dollars, the companies said on Tuesday.
Activision Blizzard, best known for its Call of Duty and World of Warcraft series, said the acquisition of King’s “highly complementary business” will help to expand its reach “across platforms, audiences, genres, and business models.”
“The combined revenues and profits solidify our position as the largest, most profitable stand-alone company in interactive entertainment,” said Bobby Kotick, Activision Blizzard’s chief executive.
“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,” Kotick said.
The deal, which remains subject to approval by shareholders and regulators, is expected to be completed early next year, the companies said.