Sega Acquires Rovio Entertainment, Maker of Angry Birds, for $776M
TL;DR Summary
Sega has agreed to acquire Rovio Entertainment, the creator of Angry Birds, for €706 million ($776 million). The deal is expected to close between July and September, subject to regulatory approval. Sega aims to leverage Rovio's expertise in mobile game development to accelerate the development of mobile-compatible and multi-platform versions of existing Sega IPs. The acquisition is part of a larger trend of consolidation in the video game industry, with a focus on mobile gaming.
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