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Candy Crush Maker Files for IPO; To Raise $533 Million

Candy Crush Maker Files for IPO; To Rais...

King, the European makers of the unbelievably popular game Candy Crush Saga, have moved a step closer towards an IPO filing in the U.S. The updated F-1 filed with the SEC this morning prices 22.2 million shares between $21 and $24 per share, which will raise up to $533 million and value the company in at up to $7.6 billion. This is an increase from their prior initial F-1 with a maximum aggregated  offering of $500 million. The filing continues the trend of tech companies taking advantage of generous public markets that have been largely rewarding tech companies. However,...
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Facebook Acquires Texting Platform WhatsApp for $19 Billion

Facebook Acquires Texting Platform Whats...

Facebook announced last night it will be acquiring the mobile texting platform WhatsApp for $19 billion— broken down into a $4 billion up-front cash payment, $12 billion in stock, and an additional $3 billion of stock paid out to employees and founders vested over four years. Though WhatsApp has developed a dedicated following of roughly 450 million worldwide users, and has already monetized its platform by instituting a $1 annual subscription charge, the acquisition is newsworthy mostly because of the enormous price tag (Facebook’s largest acquisition by far)....