Following rumours that Sega was penning a deal to buy Finnish agency Rovio — the maker of Offended Birds — the Japanese firm has made it official.
A press release launched on its web site (Japanese solely at current) confirms that the deal is signed following a suggestion made by Sega by means of its European department. The full buy value stands at €706 million, which is north of $775 million on the present alternate price however lower than the rumoured $1 billion determine doing the rounds on-line over the weekend.
Sega calls the acquisition a “International Enlargement of the Client Enterprise by means of Enhancement of Cell Gaming Capabilities” in an official tweet, with the takeover described (in line with Google Translate) as “amicable and Rovio’s Board of Administrators has expressed its assist for the tender supply.”
Sega is paying €9.25 per share, and Rovio shares sat at €7.78 on the closing of Nasdaq Helsinki on 14th April. Sega discusses within the doc its intention to leverage Rovio’s cell video games know-how with an “intention to ship SEGA content material to as many customers as doable within the digital recreation market.” There are additionally plans for Rovio to broaden into the non-mobile market.
Rovio (formally Rovio Leisure Oyj) launched Offended Birds again in 2009 and conquered the cell market with an IP that spawned a number of entries, Star Wars crossovers, and even its personal film.
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