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Newsbrief: Activision Blizzard has announced its colossal $5.9 billion acquisition of Candy Crush creator, King, has been completed.
The deal was brokered in November last year, but could only be finalized after getting the approval of King shareholders, the Irish High Court, and antitrust authorities.
Activision Blizzard CEO, Bobby Kotick, said the publisher will now have access to over 500 million users around the globe, and will look to leverage that audience by bringing its biggest franchises to new platforms.
Following the acquisition King will still operate as an independent unit, and will continue to be led by current CEO, Riccardo Zacconi; CCO, Sebastian Knutsson; and COO, Stephane Kurgan.