Cross-platform social gaming company King has quietly filed for an initial public offering valuing the Candy Crush Saga maker at an estimated $5 billion, The Telegraph reports.
Cross-platform social gaming company King will port its popular Facebook physics puzzle game Papa Pear Saga to Apple's iOS and Google's Android early this fall.
King, the company behind the wildly popular mobile game Candy Crush Saga, announced it will discontinue its mobile advertising efforts, instead focusing solely on revenue from in-app purchases.
Multi-platform gaming company King announced it is now seeing 70 million daily players across all platforms including mobile, bypassing mobile gaming giant Zynga's 52 million DAUs. In addition, the company is expanding its third title to mobile. Pet Rescue Saga, which is already available via Facebook, will launch on Apple's iOS (iPhone, iPad and iPod touch) and Google's Android this summer.