updated - August 4, 2020 Tuesday EDT
Popular Candy Crus Saga gaming app maker King's team up with Tencent, a prominent technology force in China will bring the game to the country USA Today reported Wednesday.
"Tencent has the largest mobile social network in China and is a great partner to work with," Riccardo Zacconi CEO at King said in a statement USA Today reported.
King's shares subsequently increased 3.3 percent Wednesday following the announcement.
According to USA Today, King's stock has decreased 23 percent since the company began its listing on the New York Stock Exchange March 26.
King's projected worth was 7.6 billion depending on how much company shares were set at, which were an estimated $24 but ended up $2.50 lower The Wall Street Journal reported.
King invested $500 million Feb. 18 for addition on the NYSE.
King owns Candy Crush Saga, and over 180 other games. Ninety-three million people play them on a regular basis.
Candy Crush Saga was first introduced on King's website before coming to Facebook last April Technology Tell reported. It then became available on Mobile Apps a year ago this month.
The game has since set records in Apple's iOS app store, and Google Play Store.
The app is bringing in the most money in the US App store, and many parts of the world Technology Tell reported.
More than 61 percent of players who have the game in the United Kingdom, compete while they are on their way to work in the morning Tech Crunch reported.
King had previously mentioned that issues with revenue could have surfaced if the IPO process was not successful.
Further information pertaining to a schedule about the latest news is currently not available.
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