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Angry Birds maker Rovio mulls buyout offer

Israel-based digital entertainment company Playtika offered to acquire Rovio at 9.05 euros per share last month.

Bild på Angry Birds-mobilspelet.
Rovio is best known for its mobile gaming hit Angry Birds which was first released in 2009. The Angry Birds brand since been marketed in the form of toys, games and feature-length movies. Image: Photo: IBL/Pelle T Nilsson/IBL
Yle News

The board of directors of Rovio, the Finnish mobile gaming giant that released Angry Birds in 2009, has decided to examine a buyout offer made by mobile game firm Playtika, the company announced on Monday.

The Israel-based digital entertainment company offered in January to acquire Rovio at 9.05 euros per share, or approximately 750 million euros at the time of the offer.

Playtika's offer last month was 40 million euros more than a previously undisclosed bid it made in November, when it offered 8.50 euros per share, news service Reuters (siirryt toiseen palveluun) reported at the time.

Rovio's board said it planned to hold "non-binding discussions with certain parties" about the sale, according to a company statement issued on Monday.

"Pursuant to its fiduciary duties, the Board of Rovio continues to explore all strategic alternatives in order to reach the best possible outcome for Rovio and its shareholders," the statement read.

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