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Activision Blizzard completes deal to acquire King Digital Entertainment

Activision Blizzard Inc. on Feb. 23 closed its acquisition of King Digital Entertainment PLC for a transaction value of $4.91 billion.

The company offered $18 per share for the stake.

In addition to general closing conditions, the deal required additional review for antitrust concerns.

Goldman Sachs & Co. LLC, Goldman Sachs International and Merrill Lynch Pierce Fenner & Smith Inc. were the financial advisers for Activision Blizzard, and Allen & Overy LLP, Debevoise & Plimpton LLP and Mason Hayes & Curran Solicitors were the legal advisers.

J.P. Morgan Cazenove Ltd. was the financial adviser for King Digital Entertainment, while Fenwick & West LLP and William Fry Solicitors were the legal advisers.