King

  • King Digital Falls To 50% Of Its IPO Price

    King Digital Falls To 50% Of Its IPO Price

    Today King Digital, progenitor and purveyor of the formerly ubiquitous game Candy Crush closed at $11.25. That figure is precisely half of its IPO price of $22.50 per share. The company fell in its first day of trading, and has had a rough life in the intervening period. Read More

  • Mobile’s “One Game Wonder” Problem

    Mobile’s “One Game Wonder” Problem

    Mobile gaming is a massive success, but it’s notable how many big game makers struggle to convert their successes into longer term franchises or other offerings. This week’s King news is just another example. Perhaps with stronger community features, however, that could change. Read More

  • Candy Crush Maker King Drops 20% After Reporting Disappointing Earnings

    Candy Crush Maker King Drops 20% After Reporting Disappointing Earnings

    Candy crushed. King, maker and purveyor of Candy Crush, reported earnings today and was whacked by investors after detailing revenue that disappointed, and lowering its top line guidance. The company also announced a $150 million dividend. The company earned $0.59 per share on a non-GAAP basis on revenue of $594 million. Investors had expected the company to report $0.59 per share in… Read More

  • King Falls 15% On Its IPO Day, Erasing $1.1B In Market Cap

    King Falls 15% On Its IPO Day, Erasing $1.1B In Market Cap

    Today King went public, and immediately was given a raspberry by investors who sent its stock price down throughout the day, hammering the company to the tune of more than 15 percent and $1.1 billion in value. A good flotation this was not. In fact, it was the worst so far this year. Read More

  • Candy Crush Maker King Files For IPO To Raise Up To $533M

    Candy Crush Maker King Files For IPO To Raise Up To $533M

    King, the European makers of the hit game Candy Crush Saga, today moved one step closer to an IPO in the U.S., filing an updated F-1 with the SEC that priced 22.2 million shares between $21 and $24, to raise up to $532.8 million and value the company at around $7.6 billion. ┬áThe move comes weeks after King filed an initial F-1 with a maximum aggregated offering price of $500 million. Read More

  • King’s Forthcoming IPO Shows That Mobile Gaming Is Staggeringly Large, But Mature

    King’s Forthcoming IPO Shows That Mobile Gaming Is Staggeringly Large, But Mature

    King’s long anticipated IPO filing dropped some staggering figures this week. The $1.8 billion in annual revenue that the Candy Crush Saga-maker earned last year was about $600 million or $700 million more than the whisper numbers I had been hearing at the end of 2013. It signals just how large free-to-play mobile gaming has become compared to older parts of the gaming industry… Read More

  • Candy Crush Maker King Files For U.S. IPO

    Candy Crush Maker King Files For U.S. IPO

    The studio behind addictive matching puzzle game Candy Crush has begun the process of filing for its U.S. IPO with the Securities and Exchange Commission, Re/Code reports. The UK company will look to begin trading on the New York Stock Exchange under the ‘KING’ ticker symbol should everything go according to plan. Last year, Candy Crush was the top earning title on any mobile… Read More

  • Facebook Says It Now Has 235M Monthly Gamers, App Center Hits 150M Monthly Visitors

    Facebook Says It Now Has 235M Monthly Gamers, App Center Hits 150M Monthly Visitors

    Facebook’s push for more engagement on its platform, to drive advertising and other monetization efforts (and to counterbalance that drooping stock price), is showing some gains, according to updated figures on both games and app usage released by the company today. Facebook now has 235 million people playing games on Facebook.com, up from 205 million a year ago and up 8.4% since January. Read More

  • Urwerk UR-CC1 King Cobra Watch Hands-On

    I wanted to say that the UR-CC1 “King Cobra” was one of the weirder Urwerk watches out there, but that is sort of like saying a guy with 3 arms is that much stranger than a guy with 5 arms. Urwerk timepieces have always been very different in style and appearance, but also provocative. Last year the brand finished developing their UR-CC1 watch that tells time via two linear dials. Read More

  • Hold'em Or Fold'em? Looks Like Playfish Is Still In Play

    Last week we reported the rumors that VC-backed Playfish, the social games startup which has had phenomenal growth, was in the process of being acquired by games giant Electronic Arts for $250 million. However, nothing was confirmed at the time, and despite several press reports to that effect none of the companies involved has made a sound. And most observers were startled as Playfish had… Read More

  • Samsung Is The RAM King: 4GB Modules, More Efficient and Faster

    Samsung has figured out a way to stack DRAM modules on top of each other, which should eventually lead to—you guessed it—faster and more efficient memory. Separately, it’ll also permit Samsung to create 4GM RAM modules, which is a first. The new technique is called wafer-level-processed stacked package, or WSP, which essentially lets Samsung snap memory modules onto each… Read More