Irish-based ‘Candy Crush’ game firm sold for €5.35bn

Activision Blizzard has agreed to buy Irish-based King Digital Entertainment for $5.9bn (€5.35bn), unifying console and PC games ‘Call of Duty’ and ‘World of Warcraft’ with the leading mobile game ‘Candy Crush Saga’.

Activision will pay $18 a share in cash, a 16% premium to King Digital’s closing price of $15.54 in New York on Monday.

The boards of both companies have approved the transaction, California-based Activision said. King traded at the equivalent of $17.73 in Frankfurt trading yesterday.