King Digital Entertainment, creator of such bangers like “Pet Rescue Saga”, “Papa Pear Saga” (I did not make that name up) and the game we love to hate on (but secretly really play a lot of) “Candy Crush Saga” have taken the steps to finally turn into a publicly traded company by raising over $500 million with their partners with an expected final valuation of, HOPE your belt is on tight, $7 BILLION DOLLARS. I will repeat in case you are worried it was a typo, $7 BILLION DOLLARS.
Some fun facts to boggle your mind, in Q4 2012 their total net revenue was around $71 million. A year after? $632 million with over $269 million in CASH MONEY profit. Not surprising large percentage of that jump in revenue is due to mega hit “Candy Crush Saga”.
Sad news that I refused to make a post on that is somewhat connected to all this? Irrational Games, makers of the excellent Bioshock and the critically acclaimed Bioshock Infinite is officially closing their studios while laying off over 200 of their employees. Only around 15 employees will be retained including founder and creative director of Irrational Games, Ken Levine to work on smaller “more emotional games”.
I blame myself, instead of buying Yaya Nene a tablet and teaching her how to play Candy Crush I should have dragged her to play some Bioshock Infinite with me. 2014 and beyond is truly looking up for gamers! *tear*