Activision Blizzard to Acquire King Digital Entertainment for $5.9 Billion

Morgan Stanley Downgrades King Digital Entertainment (KING) to Equalweight

Morgan Stanley downgraded King Digital Entertainment (NYSE: KING) from Overweight to Equalweight with a price target of $18 (unchanged).

For an analyst ratings summary and ratings history on King Digital Entertainment click here. For more ratings news on King Digital Entertainment click here.

Shares of King Digital Entertainment closed at $17.84 yesterday.

Stifel Downgrades King Digital Entertainment (KING) to Hold

Stifel downgraded King Digital Entertainment (NYSE: KING) from Buy to Hold with a price target of $19.00.

For an analyst ratings summary and ratings history on King Digital Entertainment click here. For more ratings news on King Digital Entertainment click here.

Shares of King Digital Entertainment closed at $17.76 yesterday.

Activision Blizzard (ATVI) Becomes a Leader in Mobile Gaming with King Digital Entertainment (KING) Acquisition; MKM Partners Reiterates Buy

MKM Partners reiterated a Buy rating and $38.00 price target on Activision Blizzard (NASDAQ: ATVI), following the company's announced acquisition of, mobile gaming company, King Digital Entertainment (NYSE: KING). With three new titles slated for release in 2016, including Kings's first midcore game,... More

Activision Blizzard (ATVI) Surprises Macquarie With KING Acquisition; Macquarie Reiterates Outperform

Macquarie reiterated an Outperform rating on Activision Blizzard (NASDAQ: ATVI), and raised the price target to $36.00 (from $28.00), following the announced acquisition of King Digital Entertainment (NYSE: KING) and 3Q earnings results. Overall, 3Q numbers and commentary were mostly... More

Activision Blizzard (ATVI) Announces Acquisition of King Digital; Cowen Reiterates Outperform

Cowen reiterated an Outperform rating and $35.00 price target on Activision Blizzard (NASDAQ: ATVI) following the company's announcement that they are buying King Digital. Cowen believes that this deal is an absolute steal for Activision and immediately vaults them to being one of the... More

Zynga (ZNGA), Others on Watch Amid Sector Deal

Mobile game makers Zynga (NASDAQ: ZNGA) and Glu Mobile (NASDAQ: GLUU) will be on watch Tuesday amid news overnight that Activision Blizzard, Inc. (Nasdaq: ATVI) is acquiring King Digital Entertainment plc (NYSE: KING) for $18.00 in cash per share, for a total equity value of $5.9 billion.

Activision Blizzard (ATVI) Tops Q3 EPS by 6c

In addition to announcing plans to acquire King Digital, Activision Blizzard (NASDAQ: ATVI) reported Q3 EPS of $0.21, $0.06 better than the analyst... More

Activision Blizzard (ATVI) to Acquire King Digital (KING) for $5.9 Billion

Activision Blizzard, Inc. (Nasdaq: ATVI) and King Digital Entertainment plc (NYSE: KING) today announced the signing of a definitive agreement under which ABS Partners C.V. (ABS Partners), a wholly owned subsidiary of Activision Blizzard, will acquire all of the outstanding shares of King for $18.00 in cash per share, for a total equity value of $5.9 billion. The $18.00 per share purchase price implies a 20% premium over Kings 30 October 2015 closing price, a 26% premium over Kings 30 October 2015 enterprise value (which excludes net cash), a 23% premium over Kings one month... More