Back again with a Rovio update! As of this morning, SEGA has officially acquired Angry Birds developer Rovio for $776 million. The deal will be for the all of Rovio’s outstanding shares and options, valuing them at 9.25 euro per share, a 19% premium to their closing price before the announcement.
Sega Sammy’s Group CEO, Haruki Satomi, said in a statement: “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.” Satomi added, “I am confident that, through combination of both companies’ brands, characters, fanbase, as well as corporate culture and functionality, there will be significant synergies created going forward.”
Rovio CEO Alexandre Pelletier-Normand compared Red, the lead character in Angry Birds, and Sonic the Hedgehog as “two globally recognized and iconic characters made by two remarkably complementary companies, with a worldwide reach that spans mobile, PC/console, and beyond.”
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