Candy Crush sold

[Oldtimeram]

Does Mel still have some holdings and will he benefit? If so, I was wondering if we might see Messi here in January? Cristiano Ronaldo is also looking to finish his career in England so he could be another we might see here too? - view external link

[Manofpride]

Does Mel still have some holdings and will he benefit? If so, I was wondering if we might see Messi here in January? Cristiano Ronaldo is also looking to finish his career in England so he could be another we might see here too?

I think he has a 12% stake in it, if it has sold for £3.8 billion his share would be £456million I think?

Rats is the man who may know better!

[The_Mighty_Derby_Sup]

Why would Mel Morris sell Candy Crush it's too integral to him in helping the running of the club.

[StensonRam]

He was just an investor I believe not the full on owner, don't know what percentage of it he actually owned or how much he's owed if it was sold, it's all in the small print I suppose, interestingly does the sale make him twice as rich as he was or was it already accounted for when people said he's worth 500m?

[AnagRam]

Why would Mel Morris sell Candy Crush it's too integral to him in helping the running of the club.

All the evidence would suggest that he seems to have a pretty shrewd idea of what he's doing TMDS. ;-)

Where are the 'Osborne twins', Roger and Rats, when you need them?

[The_Mighty_Derby_Sup]

AnagRam I know he has a shrewd idea on how he runs his business but it just seems bizarre as to why you would want to sell such a successful business, the only thing that i can suggest why he would want to sell Candy Crush is that he wants to put his mind full on Derby County and not think about his other business Candy Crush and avoid distractions.

[roger_ramjet]

TMDS...Ive said this before and Ive no doubt will say it again. You are a *bleep*ing idiot.

Will look into it further AnagRam

[Anywho]

TMDS - He's not selling 'Candy Crush'.

Try reading the article in today's Derby Telegraph. You might learn a thing or two.

Link attached. - view external link

[Oldtimeram]

With not living in Derby I do not see copies of the DET anymore. Thanks for the link

[roger_ramjet]

King Digital is a US listed company that is being acquired by Activision in a $ 5.9 billion deal. It is a 100% cash deal (hence not share for share) and is being done at a 25% premium on market value. Mel's 12% shareholding thus converts into a pretax sales proceed of around $ 700 million. logically if there is a 25% sales premium then it was worth $ 560 million a short while ago, so his fortune would have been uplifted by $ 140 million.

As a minority 12% shareholder in a listed company, it would not have been Mel's decision to sell up, as TMDS naively assumes, but rather a corporate decision probably by institutional investors in King who saw a nice pay day and probably have little interest in the underlying business as such.

Hence its a simple exit strategy allowing investors to cash in - not a conscious decision by a minority shareholder to refocus on DCFC! If the business was dear to Mel's heart, no doubt he could reinvest in Activision shares, but who knows what he will