Activision Blizzard Price Target Raised to $42.00 (ATVI)

Rubric: Activision | 4 Nov 2015 | no comments yet »
Activision Blizzard Price Target Raised to $42.00 (ATVI)

‘Call of Duty’ maker buys ‘Candy Crush’ company for $5.9B. Three years ago, a group of senior Activision executives led by CEO Bobby Kotick met with Stephane Kurgan and Riccardo Zacconi, the heads of mobile gaming company King. Last night, Activision Blizzard announced in a press release that they have bought King for $5.9 billion, an acquisition that has created the biggest games powerhouse in the Western world, second only to Tencent on a global scale.In a surprise move, Activision Blizzard on Tuesday shelled out $5 billion to buy King Digital, the maker of the ubiquitous Candy Crush Saga and Candy Crush Soda mobile franchises. “The combination increases Activision’s ...

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Activision Blizzard Price Target Raised to $42.00 (ATVI)

Rubric: Activision | 4 Nov 2015 | no comments yet »
Activision Blizzard Price Target Raised to $42.00 (ATVI)

‘Call of Duty’ maker buys ‘Candy Crush’ company for $5.9B. Three years ago, a group of senior Activision executives led by CEO Bobby Kotick met with Stephane Kurgan and Riccardo Zacconi, the heads of mobile gaming company King. Last night, Activision Blizzard announced in a press release that they have bought King for $5.9 billion, an acquisition that has created the biggest games powerhouse in the Western world, second only to Tencent on a global scale.In a surprise move, Activision Blizzard on Tuesday shelled out $5 billion to buy King Digital, the maker of the ubiquitous Candy Crush Saga and Candy Crush Soda mobile franchises. “The combination increases Activision’s ...

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Bobby Kotick on Activision’s King deal: ‘We have an audience of 500 million’

Rubric: Activision | 4 Nov 2015 | no comments yet »
Bobby Kotick on Activision’s King deal: ‘We have an audience of 500 million’

Activision Blizzard Is King: Now Reaches 81.4 Million Americans. Three years ago, a group of senior Activision executives led by CEO Bobby Kotick met with Stephane Kurgan and Riccardo Zacconi, the heads of mobile gaming company King. Last night, Activision Blizzard announced in a press release that they have bought King for $5.9 billion, an acquisition that has created the biggest games powerhouse in the Western world, second only to Tencent on a global scale. In a surprise move, Activision Blizzard on Tuesday shelled out $5 billion to buy King Digital, the maker of the ubiquitous Candy Crush Saga and Candy Crush Soda mobile franchises. “The combination increases Activision’s scope and scale, ...

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Activision Blizzard (ATVI) is Reiterated by Mizuho to Buy, Raises Price Target …

Rubric: Activision | 4 Nov 2015 | no comments yet »
Activision Blizzard (ATVI) is Reiterated by Mizuho to Buy, Raises Price Target …

‘Call of Duty’ maker buys ‘Candy Crush’ company for $5.9B. NEW YORK — How much are women gamers worth? Last night, Activision Blizzard announced in a press release that they have bought King for $5.9 billion, an acquisition that has created the biggest games powerhouse in the Western world, second only to Tencent on a global scale.In a surprise move, Activision Blizzard on Tuesday shelled out $5 billion to buy King Digital, the maker of the ubiquitous Candy Crush Saga and Candy Crush Soda mobile franchises. “The combination increases Activision’s scope and scale, but more importantly gives the company another top-quality [intellectual property] creator,” the Cowan ...

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Activision’s Candy Crush Deal Proves That Girls Got Game Too

Rubric: Activision | 4 Nov 2015 | no comments yet »
Activision’s Candy Crush Deal Proves That Girls Got Game Too

‘Call of Duty’ meet ‘Candy Crush’: A look at 5 major game mergers. Los Angeles: Activision’s deal unveiled Tuesday to acquire “Candy Crush” publisher King Entertainment for $5.9 billion eclipses several recent video game industry acquisitions.Video game publishing giant Activision Blizzard will buy King Digital Entertainment, the creator of popular mobile game Candy Crush for $US5.9 billion. Activision, whose games include the “Call of Duty” series, said in a statement the purchase “will create one of the largest global entertainment networks with over half a billion combined monthly active users in 196 countries.” California-based Activision ...

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Activision Moves Deeper Into Mobile Games With King Digital Deal

Rubric: Activision | 3 Nov 2015 | no comments yet »
Activision Moves Deeper Into Mobile Games With King Digital Deal

Analysis: King gives Activision big mobile boost. Since making Candy Crush, Britain’s King has struggled to follow its cash cow, with games such as Bubble Witch and Farm Heroes not quite hitting the spot in the same way Candy Crush has. The game giant’s core rationale for snapping up King Digital Entertainment in a $5.9 billion pact was to dive into the fast-growing mobile game space. But Activision CEO Bobby Kotick believes that King, besides throwing off lots of cash, will serve as an engine for the company to launch new mobile-content franchises down the road. Activision attempted a handful of endeavors to attract smartphone and tablet users, including a version of its popular Zombies ...

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4 takeaways from Activision Blizzard’s $5.9-billion takeover of King Digital …

Rubric: Activision | 3 Nov 2015 | no comments yet »
4 takeaways from Activision Blizzard’s $5.9-billion takeover of King Digital …

4 takeaways from Activision Blizzard’s $5.9-billion takeover of King Digital Entertainment. UPDATED: Activision Blizzard’s stock price fell as much as 6% Tuesday in early trading before bouncing back and reaching all-time highs, as investors digested the mammoth size of its proposed acquisition of mobile-gaming leader King Digital Entertainment.The giant company’s acquisition of King is the biggest merger in gaming since the combination of Activision and Blizzard in a nearly $19 billion deal in 2007, and it cements the new publisher as one of the biggest players in every gaming platform — home consoles like the PlayStation 4, PC online games like World of Warcraft, and mobile. “This ...

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4 takeaways from Activision Blizzard’s $5.9-billion takeover of King Digital …

Rubric: Activision | 3 Nov 2015 | no comments yet »
4 takeaways from Activision Blizzard’s $5.9-billion takeover of King Digital …

4 takeaways from Activision Blizzard’s $5.9-billion takeover of King Digital Entertainment. UPDATED: Activision Blizzard’s stock price fell as much as 6% Tuesday in early trading before bouncing back and reaching all-time highs, as investors digested the mammoth size of its proposed acquisition of mobile-gaming leader King Digital Entertainment.The giant company’s acquisition of King is the biggest merger in gaming since the combination of Activision and Blizzard in a nearly $19 billion deal in 2007, and it cements the new publisher as one of the biggest players in every gaming platform — home consoles like the PlayStation 4, PC online games like World of Warcraft, and mobile. “This ...

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Activision’s $5.9B King deal will rewrite the gaming landscape

Rubric: Activision | 3 Nov 2015 | no comments yet »
Activision’s $5.9B King deal will rewrite the gaming landscape

4 takeaways from Activision Blizzard’s $5.9-billion takeover of King Digital Entertainment. UPDATED: Activision Blizzard’s stock price fell as much as 6% Tuesday, before bouncing into positive territory in mid-morning trading, as investors digested the mammoth size of its proposed acquisition of mobile-gaming leader King Digital Entertainment. NEW YORK (AP) — U.S. stocks were drifting higher Tuesday as investors worked through a raft of corporate news and prepared for key U.S. economic data later this week. The giant company’s acquisition of King is the biggest merger in gaming since the combination of Activision and Blizzard in a nearly $19 billion deal in 2007, and it cements the ...

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Why Activision Is Buying Candy Crush Creator for $5.9 Billion

Rubric: Activision | 3 Nov 2015 | no comments yet »
Why Activision Is Buying Candy Crush Creator for $5.9 Billion

Activision Blizzard Stock Swings on $6 Billion King Digital Deal. Los Angeles: Activision Blizzard Inc. agreed to buy King Digital Entertainment Plc for $5.9 billion, unifying console and PC games Call of Duty and World of Warcraft with the leading mobile game Candy Crush Saga. The deal which still has to be approved by King’s shareholders as well as legal authorities and regulators, will give the combined group more than 500 monthly active users across almost 200 countries. Activision will use approximately $3.6 billion of offshore cash on its balance sheet to fund the deal, along with $2.3 billion in debt financing under existing credit agreements. Also Monday, Activision posted better-than-expected ...

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