King Digital Entertainment, maker of mobile game “Candy Crush Saga,” filed for a U.S. initial public offering of up to $500 million Tuesday, revealing powerful profit and revenue growth. “Candy Crush Saga” is played on Apple’s (AAPL) iPhone and devices using Google’s (GOOG) Android operating system. Dublin-based King Digital, in a regulatory filing, said it had Q4 revenue of $602 million, up from $70 million a year earlier. The
The proposed merger of Comcast and Time Warner Cable, the nation’s Nos. 1 and 2 cable TV firms, reverberated throughout the industry Thursday, as analysts speculated over deal opposition from content programmers and others as well as possibilities that satellite TV leaders Dish Network and DirecTV Group might now look to merge. Comcast (CMCSA), which last year gained full ownership of media giant NBC Universal, offered $45
Zillow stormed past Wall Street forecasts for Q4 late Wednesday, but the real estate data company added fewer paid subscriptions and guided Q1 profitability below ex pectations. Seattle-based Zillow (Z) said per-share earnings excluding items more than doubled to 19 cents vs. 8 cents a year earlier. Revenue rose 70% to $58.3 million. Analysts had expected EPS ex items to slip to 7 cents on sales of $54.4 million, according to