This week, Activision Blizzard, Inc. and King Digital Entertainment plc announced the signing of a definitive agreement under which ABS Partners C.V. — a wholly owned subsidiary of Activision Blizzard — will acquire all of the outstanding shares of King.
The deal, we’re told, is worth $5.9 billion.
As of this writing, it is expected that the acquisition will be completed by Spring 2016.
Activision Blizzard “believes that the addition of King’s highly-complementary business will position Activision Blizzard as a global leader in interactive entertainment across mobile, console and PC platforms, and positions the company for future growth.”
“The combined revenues and profits solidify our position as the largest, most profitable standalone company in interactive entertainment,” says Bobby Kotick, Chief Executive Officer of Activision Blizzard. “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.”