Activision Blizzard (ATVI) is spending nearly $6 billion to buy Candy Crush maker King Digital Entertainment (KING), combining a console gaming power with an established player in the fast-growing mobile gaming field. Activision, which owns the "Call of Duty" series, says the deal will create one of the largest global entertainment networks with more than half a billion combined monthly active users in 196 countries. The Santa Monica, California, gamer will pay $18 in cash for each King share, a 20 percent premium over its Friday closing price. King is based in Dublin. The boards of both companies have approved the deal, but King shareholders must still vote on it. Shares of King Digital Entertainment Plc. are up 15 percent in premarket trading. … [Read more...] about Activision spends $5.9B bid for Candy Crush maker
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NEW YORK - King Digital, the company behind the wildly mobile game "Candy Crush Saga," is scheduled to make its debut on the New York Stock Exchange this week. The company could be valued as high as $7.6 billion if its initial public offering prices at $24 per share, the upper end of its expected range. That's nearly twice as much as its closest rival Zynga Inc. (ZNGA), the creator of "FarmVille." Unlike Zynga, however, King is profitable and has less than a third of Zynga's employee base. The company is offering 15.5 million shares. Existing shareholders are offering another 6.7 million. King expects proceeds of $326 million from the IPO. King, based in Dublin, Ireland, generated revenue of $1.88 billion last year. That's more than 10 times its 2012 revenue of $164.4 million. Zynga's 2013 revenue was $873.3 million. Still, some analysts have wondered whether King is destined to become another Zynga, which was also riding a wave of popularity when it went public in 2011, thanks to … [Read more...] about “Candy Crush” maker King Digital to go public this week
Mobile gamers were pretty sweet on Candy Crush Saga this year. The hit puzzle game was the No. 1 most downloaded free app for iPhone and iPad in 2013, according to Apple's Best of iTunes list. It was also the No. 1 paid app for iPad, while Minecraft was the No. 1 paid app for iPhone. The list, which was released Monday evening, also includes year-end top 10 charts for most downloaded or purchased songs, albums, books, movies, TV shows, and podcasts, as well as Apple's picks of best of the year for each category. Surprisingly, Beyonce's new eponymous album, which was released on iTunes less than a week ago, was second behind Justin Timberlake's "The 20/20 Experience." Macklemore & Ryan Lewis had the top-selling song with "Thrift Shop." "Skyfall" was the year's top-selling movie, and "Breaking Bad" was the best-selling TV show. Dan Brown's "Inferno" was the best-selling book in fiction, while Facebook COO Sheryl Sandberg's "Lean In," encouraging women to achieve leadership … [Read more...] about CBS News Logo Candy Crush Saga tops iTunes app download list for 2013
Until today, few people probably heard of King Digital Entertainment, the corporate parent of the hugely popular Candy Crush game. That is about to change. Earlier today, the company unveiled plans for a $500 million U.S. initial public offering. Unlike 68 percent of other IPOs that are unprofitable, King Digital makes money -- lots of it -- earning $567.6 million in profit last year, an increase of more than 7,000 percent from $7.8 million in 2012. Revenue surged more than tenfold to $1.3 billion. As of Dec. 31, King Digital had 408 million average monthly users, compared with 67 million in the quarter ended Dec. 31, 2012. That's an increase of more than 508 percent. Not surprisingly, King Digital warned in its filing with the U.S. Securities & Exchange Commission that the growth may not be sustainable. "Although we were profitable in the past, we expect to make significant investments in growing our business and significantly increase our employee headcount, which could … [Read more...] about Will Wall Street find Candy Crush parent’s IPO sweet?
All of us -- admit it! -- have taken a peek at our smartphones or sent a text to friends or family when we were supposed to be working. Now a new study suggests there's no reason to feel guilty about it. The study by a Kansas State University researcher shows that these short breaks may actually help workers be more productive and happier. Sooyeol Kim, a doctoral student in psychological sciences, found that allowing workers to take smartphone "microbreaks" to play games or go on social media sites for a few minutes at a time, might be a benefit -- not a detriment -- for businesses. Studying 72 full-time employees across different industries, Kim found that employees who work an eight-hour day tend to spend an average of 22 minutes on their smartphone. He also found that employees who took these short breaks were happier at the end of the day. "A smartphone microbreak can be beneficial for both the employee and the organization," Kim said in a press release. "For example, if I would … [Read more...] about CBS News Logo Could a few minutes of “Candy Crush” make workers more productive?
A California man tore a tendon in his thumb after playing a puzzle game on his smartphone too much, according to a new report of the case. The case is interesting because such injuries are usually quite painful, but the man appeared to not notice any pain while he played, according to the doctors who treated him. The case shows that, in a sense, video games may numb people's pain and contribute to video game addiction, they said. "We need to be aware that certain video games can act like digital painkillers," said Dr. Andrew Doan, a co-author of the case report and head of addictions research at the Naval Medical Center San Diego. "We have to be very cognizant that that can be abused," Doan said. The 29 year old went to the doctor because his left thumb hurt and he was having trouble moving it. He told doctors that he had played the puzzle game "Candy Crush Saga" on his smartphone all day for six to eight weeks. The man had played the game with his left hand while he used his right … [Read more...] about CBS News Logo Man tears tendon after playing “Candy Crush” for weeks
A Democratic congresswoman from Michigan was caught playing Candy Crush on her phone during Tuesday's State of the Union address. A Getty photographer captured U.S. Rep. Brenda Lawrence playing the game on her iPhone during President Trump's address, the Detroit Free Press reported. Other photographs taken during the address show many legislators using their phones. Lawrence is a former mayor of Southfield, Michigan. She was elected to Congress in 2014 to represent Michigan's 14th District and is in her second term, the Free Press reported. Her office did not respond to the Free Press for a request for comment on the photo. … [Read more...] about Photo shows Michigan congresswoman playing Candy Crush during State of the Union
Millions of Americans tuned in to hear President Trump deliver his first State of the Union address on Tuesday night. But other Americans tuned his message out — and it looks like one of them is a member of Congress who was sitting in the House chamber for the speech. Rep. Brenda Lawrence, D-Mich., was caught playing the game Candy Crush on her phone as President Trump delivered his 80-minute message to a joint session of Congress, the Detroit News reports. A Getty photographer, perched overhead, snapped a picture of the second-term lawmaker in action during the speech. While Lawrence’s office didn’t respond to the Detroit News’ request today that she confirm she was playing the addictive phone game, Lawrence did speak to the newspaper after the speech to give her reaction. During that interview, Lawrence said she was disappointed in the president’s message and rhetoric. “When you know his policies and the things he has said and the disrespect, I … [Read more...] about Trump was giving the State of the Union. This Democrat was playing Candy Crush, photo shows
As President Trump delivered his first State of the Union address Tuesday, a Democratic congresswoman in the crowd focused on the state of her Candy Crush score. A photo reveals that Michigan Rep. Brenda Lawrence kept her thumbs busy playing the popular puzzle game on her iPhone at 9:42 p.m. Trump had more than half of his 80-minute speech left at that point. The photo shows Lawrence sitting by two fellow Democrats from the Congressional Black Caucus, Reps. Bonnie Watson and Joyce Beatty, who were both also on their phones, although they did not appear to be playing any puzzle games. The colorful and addictive smartphone game has become a favorite among casual gamers and, apparently, even among some members of Congress. Tomi Lahren apologizes to Joe Kennedy after SOTU response 2018 State of the Union address A spokeswoman for Lawrence did not immediately respond to a request for comment from the Daily News. Democrats refused to stand or clap for Trump during his first … [Read more...] about Democrat caught playing Candy Crush during Trump’s first SOTU
Washington — U.S. Rep. Brenda Lawrence played the game Candy Crush on her smartphone Tuesday during President Donald Trump’s State of the Union speech.The Southfield Democrat was caught in the act by a photographer for Getty Images, who snapped a shot from overhead of Lawrence and two other House members checking their phones during the one-hour, 20-minute address. Lawrence was clad in black in solidarity with victims of sexual violence and assault.Lawrence’s office declined to comment Thursday. The photo was first highlighted by the Daily Mail.Many other members of Congress were using smartphones and tablets or taking notes during the speech.Lawrence, who is serving her second term, said after the speech she felt disconnected from Trump’s message.“When you know his policies and the things he has said and the disrespect, I cannot connect the words to the person standing there,” Lawrence told The Detroit News after the address.“He kept talking … [Read more...] about Lawrence played Candy Crush during Trump speech