Activision Blizzard (ATVI) to Acquire King Digital (KING) 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) PT Lifted to $40 at UBS on Solid Results and King Deal

UBS analyst Eric Sheridan reiterated a Buy rating and boosted his price target on Activision Blizzard (NASDAQ: ATVI) to $40.00 (from $36.00) following solid results and the KING takeover.

commented, "While ATVI delivered another quarter of upside across revenues, EBITDA and EPS driven... More

Activision Blizzard (ATVI) PT Raised to $44 at Cowen

Cowen Doug Creutz reiterated an Outperform rating and boosted his price target on Activision Blizzard (NASDAQ: ATVI) to $44.00 (from $35.00).

The analyst commented, "After further assessing Activision's Q3 results and the impact of the King deal, we are raising our price target from $35 to $44... More

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 (ATVI) Lands 'Sweet' Deal with Kind Purchase; MKM Affirms at 'Buy'

MKM is positive on Activision (Nasdaq: ATVI) following news that the company will acquire King Digital.

Analyst Eric Handler noted, The $5.9bn acquisition of King Digital: (1) transforms Activision into a leader in the mobile gaming industry; (2) is significantly accretive; (3) is attractively valued; and (4) is being financed... 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) Moves to Highs Following King Deal

Activision Blizzard (NASDAQ: ATVI) is pushing to the highs of the day as investors appear pleased with the King Digital Entertainment (NYSE: KING) takeover, despite initial skepticism. Shares are up 7.7% to $37.22.

Activision Blizzard (ATVI) Moves to Highs Following King Deal

Activision Blizzard (NASDAQ: ATVI) is pushing to the highs of the day as investors appear pleased with the King Digital Entertainment (NYSE: KING) takeover, despite initial skepticism. Shares are up 7.7% to $37.22.

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

Moody's Upgrades Activision Blizzard's (ATVI) Unsecured Notes Rating to 'Baa3' Amid Move to Acquire King

Moody's Investors Service upgraded Activision Blizzard, Inc.'s (Nasdaq: ATVI) senior unsecured notes rating to Baa3 from Ba2, upgraded the company's senior secured credit facilities to Baa2 from Baa3, and withdrew the company's Ba1 Corporate Family Rating and Ba1-PD probability of default rating. The upgrade reflects Activision Blizzard's leading position in the growing and fragmented gaming industry, strong diversification across multiple genres and gaming platforms, and strong track record of developing profitable and sustainable franchises with international appeal. The upgrade occurs at the same time the company has announced its agreement to acquire... 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