While You Watched The Melbourne Cup, Activision Bought Candy Crush For A Stupid $US5.9 Billion

As you were placing your final bets and watching the Melbourne Cup, Activision Blizzard just bought the owners of Candy Crush Saga for an insane $US5.9 billion.

That's right: King Digital Entertainment is being acquired for $US5.9 billion in an all-cash deal.

According to the Financial Times, King Digital has a community of 340m monthly users who play Candy Crush Saga.