Renowned games publisher Activision Blizzard is purchasing King Digital, the maker of the popular Candy Crush Saga videogame series, in a transaction valued at a whooping $5.9 billion, the two companies announced Tuesday.
Activision, best-known for the World of Warcraft, Diablo and Call of Duty videogame series, said ABS Partners, a wholly owned subsidiary of Activision Blizzard, will acquire all of the outstanding shares of King for $18 in cash per share, for a total equity value of $5.9 billion.