Sega buys the creators of Angry Bird
- April 17, 2023
- 0
Japanese game giant Sega announced on Monday that it has made a $776 million offer from Finnish company Rovio Entertainment to Angry Birds developers. Sega offered 9.25 euros
Japanese game giant Sega announced on Monday that it has made a $776 million offer from Finnish company Rovio Entertainment to Angry Birds developers. Sega offered 9.25 euros per share, which is about 19% higher than the market price. Rovio management supported this proposal.
According to the statement made on Monday, Rovio’s games have been downloaded more than 5 billion times. Meanwhile, the Angry Birds franchise has been licensed for other entertainment and consumer products.
The company wants to use Rovio to expand its presence in the mobile games market and said it will use its capabilities to accelerate the development of mobile versions of existing games. The Wall Street Journal previously reported that the acquisition of Rovio could be worth about $1 billion. Rovio shares rose 17.88% immediately after the announcement.
Source: Port Altele
As an experienced journalist and author, Mary has been reporting on the latest news and trends for over 5 years. With a passion for uncovering the stories behind the headlines, Mary has earned a reputation as a trusted voice in the world of journalism. Her writing style is insightful, engaging and thought-provoking, as she takes a deep dive into the most pressing issues of our time.
