Candy Crush maker King Digital Entertainment has released its sequel, Candy Crush Soda Saga, worldwide on iOS and Android. The launch will help mobile gaming market revenue top $30 billion next year, according to a report from Newzoo.
King Digital Entertainment, the company that created the Candy Crush Saga electronic game, priced the shares being sold in its initial public offering at $22.50, giving it proceeds of $500 million. The pricing values the company at more than $7 billion.
The International Monetary Fund has warned the U.S. several times in recent months of the enormous negative effect that a failure to raise the debt ceiling would have on the world economy. "The economic costs would be potentially catastrophic depending on how long the impasse lasts; spillovers to the rest of the world would be severe," according to a July report from the IMF.
Online exchanges for health insurance under the Patient Protection and Affordable Care Act will not be ready Tuesday for small businesses. There are other glitches as well, sources say. Exchanges are miscalculating subsidies available to low-income people, and a Spanish-language version will not be available immediately.
At the heart of any finance-function transformation is an alignment with the organization's strategic direction during the next five to 10 years, writes Frank Friedman, CFO and managing partner of finance and administration at Deloitte. From there, other steps are necessary, such as building the right team, winning over corporate naysayers and keeping an eye on the end goal.