Thursday, June 20, 2024
HomeTraditional FinanceStock MarketAngry Birds Maker Rovio Confirms Talks with Sega over Possible Tender Offer

Angry Birds Maker Rovio Confirms Talks with Sega over Possible Tender Offer

Finnish mobile game developer Rovio Entertainment , best known for creating the popular Angry Birds game franchise, has reportedly been in talks with Japan’s Sega Sammy Holdings Inc regarding a potential tender offer. The Wall Street Journal reported on Friday that Sega is nearing a deal to acquire Rovio for an estimated $1 billion.

Rovio Entertainment confirmed that it is currently in discussions with Sega Sammy Holdings Inc as part of its strategic review. The company stated that they will release further information at an appropriate time. However, Rovio added that there is no certainty as to when or if the possible tender offer would take place, according to a Reuters report.

Previous Acquisition Talks

This isn’t the first time that Rovio has explored the possibility of a sellout. In 2017, Rovio went public and was previously in talks with Playtika Holding Corp, a rival mobile game developer based in Israel, for a potential sellout for over $800 million, but the deal did not come to fruition.

Recent Achievements

In 2021, Angry Birds became the first mobile game to hit 1 billion downloads, solidifying Rovio’s position as a major player in the mobile gaming industry. Additionally, last year, Rovio claimed that it had reached 5 billion downloads across its library of games.

Final Thoughts

As Rovio continues its strategic review and potential talks with Sega over a possible tender offer, it remains to be seen what the future holds for this mobile gaming giant. However, with its impressive track record of success and achievements, it is clear that Rovio is a valuable asset in the gaming industry, and any acquisition deal is likely to be a significant one.

What’s your Reaction?
+1
0
+1
0
+1
0
+1
0
+1
0
+1
0
SourceReuters

Disclaimer: The information provided on coinvinance.biz is for educational and informational purposes only and should not be construed as financial advice. Coinvinance.biz does not provide any investment advice or recommendations. Any investment decision you make is solely your responsibility. Please conduct your own research and consult with a licensed financial advisor before making any investment decisions. Coinvinance.biz is not responsible for any financial losses that may result from your use of the information provided on this website.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -spot_imgspot_imgspot_imgspot_img

Most Popular

Recent Comments