The american gaming giant Activision Blizzard has offered $5.9 billion for the Swedish gaming startup King. The offer is however smaller than last years IPO.
Activision Blizzard is one of the largest video game publishers in the world and publishes franchises like World of Warcraft and Call of Duty.
The acquisition of King Digital Entertainment means that the company also takes over one of the most successful mobile game franchise of all time, Candy Crush Saga.
Both Activision’s and King’s boards have accepted the deal in which Activision Blizzard pay $18 per share, in total $5.9 billion. The IPO was however at $22.5 per share.
Read more about the deal and reactions from the Swedish startup community at Breakit in Swedish.