1. wincyUt's Avatar
    It's just simply lunacy out there. Games are fads, so how are these Wall Street guys justifying the long term sustainability of King (Candy Crush maker)? Yes, BlackBerry is presently in the dumps but how can the market truly justify that BlackBerry is not even worth $4.7 billion when the sum of the total parts is worth more than that valuation. SMH

    I hope BlackBerry successfully launches BBM cross platform because it's truly BlackBerry's "golden egg".

    PS: HAPPY THANKSGIVING TO ALL THE CANADIANS, OUT THERE!!

    "Candy Crush game creator preps for IPO

    By Alanna Petroff
    updated 8:06 AM EDT, Tue Oct 1, 2013
    LONDON (CNNMoney) -- The U.K. company behind the wildly popular online game Candy Crush Saga is preparing for a stock market listing.

    London-based King has filed for an initial public offering in New York, said a source familiar with the deal.

    According to media reports, King plans to list on the Nasdaq and has made a confidential filing with the Securities and Exchange Commission. The IPO is reported to be worth roughly $5 billion.


    Filing in secret with the SEC is becoming increasingly popular as it allows small companies to keep their financial data private for longer while they prepare the ground with investors. Twitter revealed last month that it had opted to file in this way.

    King declined to comment on its plans.

    The company's games are played more than one billion times each day and its signature game -- Candy Crush Saga -- currently ranks among the most popular and lucrative mobile games in the world.

    According to an estimate from online gaming consultant Think Gaming, Candy Crush rakes in roughly $850,000 per day and has 7.5 million active daily users on Apple's iOS platform.


    But investors may pause before snapping up the shares after watching the rise and precipitous fall of Zynga, another gaming company that went public in late 2011 only for its most popular game -- Farmville -- to fall out of favor.

    King's success so far has hinged on its ability to get people to play games for free, and then convince players to pay for additional in-game perks once they're hooked.

    "King has really focused on monetizing the core game experience very successfully," said Ian Fogg, director of mobile research at IHS. "The challenge with mobile games is, it's a hit-based business."

    The risk is that King may not be able to keep its audience interested as other games and applications vie for audience attention.

    The preparations for an IPO come as the firm hires a new chief financial officer, Hope Cochran, who previously worked at Clearwire, which was acquired by Sprint.

    Bank of America, JP Morgan and Credit Suisse are reported to be working with King on the listing. All three banks declined to comment."
    Elite1 likes this.
    10-14-13 12:35 PM
  2. Blacklatino's Avatar
    It's just simply lunacy out there. Games are fads, so how are these Wall Street guys justifying the long term sustainability of King (Candy Crush maker)? Yes, BlackBerry is presently in the dumps but how can the market truly justify that BlackBerry is not even worth $4.7 billion when the sum of the total parts is worth more than that valuation. SMH

    I hope BlackBerry successfully launches BBM cross platform because it's truly BlackBerry's "golden egg".

    PS: HAPPY THANKSGIVING TO ALL THE CANADIANS, OUT THERE!!

    "Candy Crush game creator preps for IPO

    By Alanna Petroff
    updated 8:06 AM EDT, Tue Oct 1, 2013
    LONDON (CNNMoney) -- The U.K. company behind the wildly popular online game Candy Crush Saga is preparing for a stock market listing.

    London-based King has filed for an initial public offering in New York, said a source familiar with the deal.

    According to media reports, King plans to list on the Nasdaq and has made a confidential filing with the Securities and Exchange Commission. The IPO is reported to be worth roughly $5 billion.


    Filing in secret with the SEC is becoming increasingly popular as it allows small companies to keep their financial data private for longer while they prepare the ground with investors. Twitter revealed last month that it had opted to file in this way.

    King declined to comment on its plans.

    The company's games are played more than one billion times each day and its signature game -- Candy Crush Saga -- currently ranks among the most popular and lucrative mobile games in the world.

    According to an estimate from online gaming consultant Think Gaming, Candy Crush rakes in roughly $850,000 per day and has 7.5 million active daily users on Apple's iOS platform.


    But investors may pause before snapping up the shares after watching the rise and precipitous fall of Zynga, another gaming company that went public in late 2011 only for its most popular game -- Farmville -- to fall out of favor.

    King's success so far has hinged on its ability to get people to play games for free, and then convince players to pay for additional in-game perks once they're hooked.

    "King has really focused on monetizing the core game experience very successfully," said Ian Fogg, director of mobile research at IHS. "The challenge with mobile games is, it's a hit-based business."

    The risk is that King may not be able to keep its audience interested as other games and applications vie for audience attention.

    The preparations for an IPO come as the firm hires a new chief financial officer, Hope Cochran, who previously worked at Clearwire, which was acquired by Sprint.

    Bank of America, JP Morgan and Credit Suisse are reported to be working with King on the listing. All three banks declined to comment."
    Wow! Never played it. But, Candy Crush? LOL. SMH. Never thought I would see the day.
    10-14-13 12:40 PM
  3. birdman_38's Avatar
    Game titles are fads. Mobile gaming is here to stay.
    10-14-13 12:41 PM
  4. FR33MAN's Avatar
    And in 3 months every one will be playing an another game

    Posted via CB10
    mastermike87 likes this.
    10-14-13 12:44 PM
  5. wincyUt's Avatar
    Game titles are fads. Mobile gaming is here to stay.
    Yeah mobile gaming is here to stay but there are no guarantees that King will be pumping out hits after hits.
    King, so far, is dependent on games whereas BlackBerry is not only dependent on mobile devices.

    Posted via CB10
    10-14-13 01:13 PM
  6. Elite1's Avatar
    Already another thread going on this, so please join the discussion there:
    http://forums.crackberry.com/news-ru...illion-854774/

    @OP: I am going to "steal" your quote and add it to the other thread, so thanks for posting!
    10-14-13 01:18 PM

Similar Threads

  1. VZW part of the BBRY Problem
    By i_hiker in forum Verizon Wireless
    Replies: 13
    Last Post: 02-08-14, 07:42 AM
  2. Is BBRY Pulling the Wool Over Our Eyes with BBM ?
    By JR A in forum General BlackBerry Discussion
    Replies: 41
    Last Post: 10-15-13, 03:57 PM
  3. Need help trying to sideload candy crush...
    By crashog in forum BB10 Android App Sideloading
    Replies: 9
    Last Post: 10-14-13, 02:02 PM
  4. Facebook bbry icon
    By dimitrisgreece in forum BlackBerry 10 OS
    Replies: 4
    Last Post: 10-14-13, 06:02 AM
  5. Damnit BBRY...
    By heyjohnnybravo in forum BlackBerry 10 OS
    Replies: 9
    Last Post: 10-14-13, 01:29 AM
LINK TO POST COPIED TO CLIPBOARD