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Rovio still seeking buyer after ending Playtika talks

Israel-based gaming firm Playtika offered to buy Rovio for 683 million euros.

En tecknad bild på en röd, bollformad fågel. Fågeln ser arg ut.
The mobile game Angry Birds debuted in 2009. Image: IGDB/Rovio Entertainment
Yle News

Finnish mobile gaming firm Rovio has confirmed that a burgeoning buyout deal with Israeli firm Playtika has ended without result but said it was still seeking potential buyers.

In a statement on Wednesday, the Helsinki-based Angry Birds maker confirmed that it is continuing to negotiate with other parties "in order to reach the best possible outcome for Rovio and its shareholders."

Playtika offered to buy Rovio for around 683 million euros in recent months.

According to Reuters, Nordea Bank analysts said in February that potentially interested buyers could include EA, Take-Two, Sony, Netflix and Disney.

Rovio games have been downloaded more than five billion times, according to the company, which made its debut in 2009 with the release of the Angry Birds game.

The success sparked several iterations of Angry Birds and other games, feature-length animated movies as well as toys and other merchandising.

Last month, Rovio reported a slump in profits in the last quarter of 2022. It posted a 55-percent decline in adjusted operating profit, although revenue only edged down by 2.5 percent.

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