Video game maker Activision Blizzard Inc. said it will buy the maker of the popular “Candy Crush Saga” game, Reuters reported.
Activision will buy King Digital Entertainment for $5.9 billion to strengthen its games portfolio. It will pay $18 in cash per King share.
King went public last year and has been struggling to boost bookings. It will continue to be led as an independent operating unit.
U.S. & World
Video game makers are shifting to digital business platforms as more consumers are playing games on smartphones and tablets.
