Rovio, the Finnish games studio behind ‘Angry Birds’ released that it has accepted Sega Sammy’s offer of £625m for the takeover.
“The board of directors of Rovio, represented by a quorum comprising all members of the board of directors, has unanimously agreed to recommend that the shareholders and the option holders of Rovio accept the offer.” Further details of the offer will be announced in early May and the deal is expected to be completed in the third quarter of 2023.
Satomi Haruki, president and group CEO of Sega Sammy said “Among 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. I feel blessed to be able to announce such a transaction with Rovio, a company that owns ‘Angry Birds’, which is loved across the world, and home to many skilled employees that support the company’s industry leading mobile game development and operating capabilities.”
Rovio describes itself as “a global mobile-first games company” that develops, and publishes mobile games, and has licenses under the ‘Angry Birds’ brand. Rovio reports that its titles have been downloaded 5 billion times.
The documents released claimed that there is not expected to be any near-term impact on Rovio’s operations, assets, employees or management team but Sega will make appointments to the board of directs. It’s known to remain based in Finland.
