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Sega Acquires Rovio Entertainment, Maker of Angry Birds, for $776M
business2 years ago

Sega Acquires Rovio Entertainment, Maker of Angry Birds, for $776M

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.

via Cartoon Brew|
#acquisition#business#mobile-gaming
Sega Acquires Rovio, Maker of Angry Birds, for $776 Million
business2 years ago

Sega Acquires Rovio, Maker of Angry Birds, for $776 Million

Sega has announced its acquisition of Rovio Entertainment, the Finnish mobile game company behind Angry Birds, in a "friendly takeover" for €706 million. The acquisition is expected to conclude in the second quarter of the 2024 fiscal year after antitrust reviews. Sega aims to accelerate its expansion in the mobile gaming market, and the combination of both companies' brands, characters, fanbase, corporate culture, and functionality is expected to create significant synergies going forward.

via Game Informer|
#acquisition#angry-birds#business
Sega to Acquire Angry Birds Maker Rovio for $1 Billion: Reports
business2 years ago

Sega to Acquire Angry Birds Maker Rovio for $1 Billion: Reports

Sega is reportedly in talks to acquire Rovio Entertainment, the Finnish company behind the popular mobile game franchise "Angry Birds," for a potential $1 billion. Rovio has experienced vast success from its "Angry Birds" games, but reported a 48% drop in quarterly profit in 2019. The acquisition could be finalized in the coming week and would add to Sega's portfolio of video game properties, which includes "Sonic the Hedgehog."

via Business Insider|
#acquisition#angry-birds#business
SEGA in talks to acquire Angry Birds maker Rovio for $1 billion
business2 years ago

SEGA in talks to acquire Angry Birds maker Rovio for $1 billion

Sega is reportedly close to acquiring Rovio Entertainment, the company behind the Angry Birds mobile game franchise, for $1 billion. Despite declining popularity, the franchise has still achieved success with its movie adaptations. Rovio previously neared a deal with Israeli developer Playtika, but talks dwindled in March. Sega may be looking to launch Angry Birds into the nights and create a new mobile games franchise.

via The Verge|
#acquisition#angry-birds#business