Sega nears deal to acquire Angry Birds maker Rovio for $1 billion – WSJ

Sega nears deal to acquire Angry Birds maker Rovio for $1 billion - WSJ
FILE PHOTO: Angry Birds game characters are seen at the Rovio headquarters in Espoo, Finland March 13, 2019. Picture taken March 13, 2019. REUTERS/Anne Kauranen

Japan’s Sega Sammy Holdings Inc is nearing a deal to acquire Rovio Entertainment, the company behind the ‘Angry Birds’ mobile game, for about $1 billion, the Wall Street Journal reported on Friday.

Tokyo-based Sega could finalize the deal to complete the acquisition of Rovio by early next week, the report said citing people familiar with the matter.

Israeli peer Playtika had made a preliminary bid in January to buy Rovio for 683 million euros ($750.96 million), but the Angry Birds maker confirmed last month talks had ended.

Rovio and Sega did not immediately respond to Reuters’ requests for comment.

($1 = 0.9095 euros)

 

Source: Reuters