Activision Blizzard to acquire developer of Candy Crush, King, for $5.9 billion 

Activision Blizzard has announced that they have reached an agreement with King Digital Entertainment, the company behind the popular Candy Crush saga, to acquire the company for $5.9 billion. 

Activision Blizzard says this new acquisition will make the company a leader in the mobile gaming business. The combination of King’s expertise in mobile with Activision’s expertise in publishing can help put these two companies further ahead. Activision Blizzard is the leading publishing company worldwide. 

The deal is expected to close in Spring 2016.