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Deadline Big Media 73: The WhatsApp Zuck Podcast

Deadline Big Media ep 73In this week’s podcast, Deadline’s Executive Editor David Lieberman and host David Bloom examine whether Facebook paid too much with its $19 billion purchase of messaging service WhatsApp, ponder whether anyone should pay for the maker of blockbuster mobile game Candy Crush Saga now that it’s filed for an IPO, consider the impact of the FCC’s replacement net-neutrality rules and look at the real motivations behind the clamor for Google Fiber.

The Davids also look at the possible futures of both John Malone and Time Inc. after some very interesting news this week from both.

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Maker Of ‘Candy Crush Saga’ Files For IPO

By | Tuesday February 18, 2014 @ 8:51am PST

Candy Crush SagaCandy Crush Saga is a mobile game phenomenon. But you’d still better have nerves of steel if you want to bet on its maker, King Digital Entertainment, which says this morning that it plans to trade on the New York Stock Exchange under the symbol “KING.” Candy Crush, the company says in an SEC filing, is “one of the largest interactive entertainment franchises of all time” — and is largely responsible for Dublin-based King’s insane growth spurt last year. The company ended 2013 with $567.6M in net income, +7,135% vs the previous year, on revenues of $1.88B, +1,046%. In Q4, Candy Crush accounted for 78% of the company’s gross bookings while three games — Candy Crush, Pet Rescue Saga, and Farm Heroes Saga — accounted for 95%. There’s no word in the filing about when the company hopes to go public, and how many shares it will sell. Still, King says it wants investor cash for working capital, and possibly acquisitions, as well as “to create a public market for our ordinary shares, increase our visibility in the marketplace, as well as to obtain additional capital.” Read More »

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