03-11-2015 15:35 via uk.news.yahoo.com

Activision Blizzard buys 'Candy Crush' maker for $5.9 billion in mobile push

Video game maker Activision Blizzard is to buy "Candy Crush Saga" creator King Digital Entertainment for $5.9 billion, as the heavyweight of console and PC gaming makes a major push into the faster-growing mobile market. The failure of King to replicate the success of Candy Crush with follow-up titles such as "Farm Heroes" and "Pet Rescue" has led some investors to worry it may be a one-hit wonder. Activision is paying $18 per share in cash, a takeover premium of 16 percent over King's current m
Read more »