From Breakingviews - “Angry Birds” may finally have found right nest
a previous approach. Unlike the hesitance to play ball back then, the Rovio board has recommended Sega’s offer to shareholders. Half the investors have preliminarily accepted the deal, and Rovio shares are near the offer price.
Sega’s offer doesn’t definitely mean game over. It’s just 2% above Playtika’s last bid and below Rovio’s 11.50 euro initial public offering in 2017. But it still values Rovio including net cash at 11 times this year’s EBITDA, nearly double the average of European peers Stillfront
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Sega offers $776 million for Angry Birds maker RovioJapan'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.
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Sega Sammy to buy Angry Birds maker Rovio for $776 millionJapan's Sega Sammy Holdings Inc said on Monday it planned to acquire Finland's Rovio Entertainment Oyj for 706 million euros ($776 million) to spur its growth in the fast-expanding global mobile gaming market.
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‘Angry Birds’ Games Studio Rovio Agrees to $776 Million Sega TakeoverRovio, the Finnish games studio behind “Angry Birds” said on Monday that it had accepted a takeover offer from Sega Sammy, part of the Japanese consoles and games giant Sega. The deal v…
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