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business2 years ago

Sega's $776 Million Acquisition of Angry Birds Developer Rovio

Sega has completed its acquisition of Rovio, the developer of Angry Birds, for $776 million. The purchase will give Sega a stronger presence in the mobile gaming space and provide a ready-made infrastructure for developing and publishing mobile games. In addition to the Angry Birds franchise, Sega will also have the opportunity to create mobile titles based on its own IPs, such as Sonic and Football Manager. The deal aims to accelerate Sega's expansion in the mobile gaming market.

via Engadget|
#acquisition#angry-birds#business
gaming-industry2 years ago

SEGA's Acquisition of Rovio: Insights and Possibilities.

Six former Rovio employees share their thoughts on Sega's acquisition of Rovio for $775 million. While some see it as a good deal for both parties, others express sadness at another big Finnish studio passing into foreign hands. However, they also believe that Rovio's success will inspire and start new game start-ups in Finland. The Finnish mobile games ecosystem has been the most successful per capita in the world, and they believe that this deal will make Rovio even stronger in the long run, enabling more talent to grow in Finland.

via Pocket Gamer.Biz|
#acquisition#finnish-gaming-ecosystem#gaming-industry
technology2 years ago

iOS 17 to Allow Sideloading of Apps on iPhone, Reports Suggest.

Apple is reportedly considering allowing sideloaded apps on iPhones in iOS 17, while the Apple Card savings account will offer a 4.15% interest rate. Japanese gaming giant Sega has confirmed its acquisition of Angry Birds maker Rovio for $775m. German startup Equipme has secured $3.8m in seed funding for its XaaS platform, while Orbit Fab has raised $28.5m for on-orbit refuelling capabilities. SpaceX's Starship launch system test was postponed due to a frozen pressure valve. Adobe's generative AI tool Firefly is now part of the Creative Cloud family.

via TechCrunch|
#ai#apple#rovio
business2 years ago

Sega acquires Rovio, maker of Angry Birds, for $775 million.

Sega is acquiring Rovio, the Finnish mobile games developer behind the Angry Birds franchise, for €706 million ($775 million). The deal is expected to close by the end of September. Sega hopes to use Rovio's expertise in live service mobile game operation to expand its current and new titles to the global mobile gaming market. Rovio's Beacon platform is also expected to help develop games-as-a-service products. This acquisition is the latest example of a traditional games giant acquiring an independent mobile gaming titan.

via The Verge|
#acquisition#angry-birds#business
business2 years ago

Sega in talks to acquire Angry Birds developer Rovio for $1 billion.

Rovio Entertainment, the maker of the popular Angry Birds video games, has held talks with Sega Sammy Holdings over a possible takeover. The deal could be worth about $1bn. Rovio has confirmed it is in discussions with the Japanese gaming giant, but has declined to comment on the potential value of its sale. Sega Sammy is a Japanese global holding company formed by the merger in 2004 of video game giant Sega and Sammy Corporation in 2004.

via BBC|
#angry-birds#business#rovio
business2 years ago

Sega to Acquire Angry Birds Studio Rovio for $1 Billion

Sega is reportedly in talks to acquire Rovio Entertainment, the Finnish developer behind the Angry Birds series of games, in a deal worth around $1 billion. Rovio had previously been the target of Playtika, but discussions ended with no deal agreed. Rovio has been struggling to find a business model that accommodates both its much-loved Angry Birds game and the rest of its portfolio.

via Video Games Chronicle|
#acquisition#angry-birds#business
business2 years ago

SEGA to Acquire Angry Birds Maker Rovio for $1 Billion

SEGA is reportedly set to acquire mobile gaming company Rovio, the maker of Angry Birds, for $1 billion. Talks are expected to conclude next week, subject to approval. Rovio played a significant role in the smartphone gaming boom in 2009, but has struggled to replicate its success since going public in 2017. The company was previously in talks with Israeli publisher Playtika to sell for $800 million, but the deal fell through.

via Push Square|
#acquisition#business#industry-consolidation