Japan's Sega Sammy Holdings says it plans to acquire Finland's Rovio Entertainment for $776 million to spur its growth in the fast-expanding global mobile gaming market
Sega Sammy will offer 9.25 euros for each share of the company behind the mobile game Angry Birds, a 19% premium over Friday's closing price, in its tender offer bid set to be launched around May 8."In the rapidly growing global gaming market, the mobile gaming market has especially high potential, and it has been Sega's long-term goal to accelerate its expansion in this field," Sega Sammy CEO Haruki Satomi said in a statement.
"Combining the strengths of Rovio and Sega presents an incredibly exciting future," Rovio CEO Alexandre Pelletier-Normand said in the same written announcement. Sega Sammy shares, however, fell 4.2% on the day prior to the tender offer announcement but after it said it was considering acquiring Rovio, amid investor doubts about synergy prospects.
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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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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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‘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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Sega Sammy says it is considering buying Angry Birds maker RovioJapan's Sega Sammy Holdings Inc said on Monday it was considering acquiring Finland's Rovio Entertainment Oyj but that nothing had been decided yet, sending its shares lower amid investor doubts about synergy prospects.
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Angry Birds maker Rovio confirms talks with Sega over tender offerRovio Entertainment , the company behind the mobile game Angry Birds, confirmed on Saturday that it is in talks with Japan's Sega Sammy Holdings Inc over a possible tender offer.
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Sega Targets Angry Birds Maker Rovio For TakeoverThe Japanese firm behind Sonic the Hedgehog said it has offered to buy Angry Birds studio Rovio Entertainment for around $776 million.
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