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Candy Crush Saga Maker Prepares for IPO

King is preparing for an IPO, but that does not mean they actually will do it. Preparation is everything.

8 Updates
Candy Crush Saga Maker Prepares for IPO
 
 

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Candy Crush Saga Maker Prepares for IPO

Online game maker King has had unexpected success with Candy Crush Saga. Now the company has hired J.P. Morgan according to The Wall Street Journal to prepare for an IPO. TechCrunch though has a report that says that this does not mean necessarily that King.com goes IPO. They just want to have the option. The failed IPO of Zynga is still a problem for an online game company IPO.

Social online games come and go. Draw Something was such a big hit that Zynga bought them for a lot of money and just recently they shut it down. King is going to release their next game. I guess King and investors will have a look at how well that game is going to be received. It is called Pet Rescue Saga.

 

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Update: 8

Why China Can’t Save King’s Candy Crush Saga

Source: Fool.com

King makes a last ditch effort to save Candy Crush Saga by taking the game to China. Here’s why it won’t make a difference. ...
Source: Fool.com   Full article at: Fool.com 5 days ago, 10:16am CDT
 


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Update: 7

Candy Crush's King buys S'pore firm for up to US$100m

Source: Business Times Singapore

August 14, 2014 12:48 AM[SINGAPORE] A three-year old Singapore gaming startup has just been snagged by the creator of popular mobile game Candy Crush Saga, King, for up to US$100 million, in what is believed to be the first time a local gaming company is acquired ...
Source: Business Times Singapore   Full article at: Business Times Singapore Aug 13 2014, 5:11pm CDT
 

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Update: 6

Wall Street Creams ‘Candy Crush’ Maker On Weak Q2 Sales And Warnings

Source: Deadline

King Digital Entertainment's $150M special dividend wasn't sweet enough to keep its shares from plummeting 22.7% in early trading today. The mobile game company known for its mega hit Candy Crush Saga touched a new low of $13.65, since going public in March at $22.50, after it reported softer than expected Q2 game sales and slashed its financial forecast for the rest of this year. Candy Crush numbers were especially bitter.  Bookings at $361M dropped 16% from Q1. “The… ...
Source: Deadline  Full article at: Deadline Aug 13 2014, 10:52am CDT
 

Update: 4

Movers & Shakers: King, Macy’s among stocks to watch Wednesday

Source: MarketWatch

Disappointment over King Digital Entertainment’s “Candy Crush Saga” game prompts a downward revision of the company’s earnings outlook, while Macy’s and Deere are set to report their latest quarterly resul ...
Source: MarketWatch   Full article at: MarketWatch Aug 13 2014, 4:30am CDT
 

Update: 3

King Digital sees weakness in ‘Candy Crush’ game

Source: MarketWatch

King Digital Entertainment shares plunge as much as 22% after the company lowers its earnings outlook following disappointing results for its “Candy C ...
Source: MarketWatch   Full article at: MarketWatch Aug 12 2014, 4:44pm CDT
 

Update: 2

King Digital Pummeled As Candy Crush Fad Fizzles Out

Source: Forbes Real Time

Many people have called mobile game Candy Crush Saga a fad. Now there's evidence that the fad is ...
Source: Forbes Real Time   Full article at: Forbes Real Time Aug 12 2014, 3:36pm CDT
 

Update: 1

LIVE: Candy Crush Maker King Reports Earnings (KING)

Source: Business Insider

King, the maker of popular mobile games like Candy Crush Saga, will report earnings shortly after the closing bell Tuesday. Here's what Wall Street is expecting: EPS: $0.59 Revenue: $606 million Analysts are expecting King to meet or beat expectations when it reports its earnings, despite some concerns that Candy Crush usage is declining. But it seems that wasn't the case. King recently introduced a new game called Candy Crush Soda Saga and some other titles that peo ...
Source: Business Insider   Full article at: Business Insider Aug 12 2014, 2:56pm CDT
 

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<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Luigi Lugmayr (Google) is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com.

 

 

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