Candy Crush decline continues for King, shares fall

SAY IT AIN'T SO: Social and mobile game company King Digital Entertainment Plc reduced its 2014 forecast after reporting lower-than-expected second-quarter revenue on Tuesday, as gamers continued to spend less money on its Candy Crush Saga game. — Reuters

SAN FRANCISCO: Social and mobile game company King Digital Entertainment Plc reduced its 2014 forecast after reporting lower-than-expected second-quarter revenue on Tuesday, as gamers continued to spend less money on its Candy Crush Saga game. 

King also announced a US$150mil (RM478.57mil) special dividend, or 46.9 cents per share, payable to shareholders of record on Sept 30. Its shares, however, slipped 22% in after-hours trading after closing at US$18.20 (RM58.07) on the New York Stock Exchange.