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Rovio shareholders agree to Sega buyout offer

The Japanese gaming giant's deal is reportedly worth 706 million euros.

Rovio's building in Helsinki.
Rovio is most well-known for its Angry Birds franchise. Image: Markku Rantala / Yle
Yle News

The sale of the Finnish mobile gaming firm Rovio to the Japanese company Sega looks set to go ahead.

Rovio announced on Thursday morning that shareholders holding 96.3 percent of its stock have accepted Sega's offer. This surpasses Sega's minimum requirement, which stipulated that shareholders holding at least 90 percent of Rovio shares had to agree on the deal.

Sega announced its intention to buy the company in April this year. The deal is linked to the gaming giant's interest in developing its own mobile games market.

When initially reported, the bid was worth roughly 706 million euros. Israeli gaming company Playtika also announced their intention to purchase Rovio, but their 683 million proposed buyout did not convince Rovio.

Rovio is particularly known for its Angry Birds franchise, which includes video games, movies and toys, among other products.

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