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Sega offers $776 mln for Angry Birds maker Rovio

Angry Birds game characters are seen at the Rovio headquarters in Espoo, Finland March 13, 2019. (File/Reuters)
Angry Birds game characters are seen at the Rovio headquarters in Espoo, Finland March 13, 2019. (File/Reuters)
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17 Apr 2023 04:04:42 GMT9
17 Apr 2023 04:04:42 GMT9

Japan’s Sega Sammy Holdings Inc has agreed to launch an offer for Finland’s Rovio Entertainment, the maker of the Angry Birds mobile game, for 706 million euros ($775.8 million), the companies said in a joint statement on Monday.

Tokyo-based Sega will offer 9.25 euros per share for Rovio, a 19% premium over Friday’s closing price of 7.775 euros.

Rovio, which has been conducting a strategic review, on Saturday said it was in talks with Sega over a possible tender offer. The Wall Street Journal had reported on Friday that a deal between the two companies was imminent.

Israeli peer Playtika had made a preliminary bid in January to buy Rovio for 683 million euros, but the Angry Birds maker confirmed
last month talks had ended.

Reuters

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