Rovio Shareholders Approve Sega Takeover Bid

Shareholders of Angry Birds maker Rovio have approved a $2.1 billion takeover offer from Japanese gaming company Sega. The deal is expected to close in the fourth quarter of 2023.

The deal will see Sega acquire Rovio for €1.95 per share, a 25% premium to Rovio’s closing price on March 8, 2023, the day before Sega made its offer public.

The deal is a major victory for Sega, which has been looking to expand its mobile gaming business. Rovio is a leading mobile gaming company with a portfolio of popular titles, including Angry Birds, Angry Birds 2, and Angry Birds Friends.

The deal is also a sign of the growing consolidation in the mobile gaming industry. In recent years, there have been a number of major deals in the sector, including the acquisition of Zynga by Take-Two Interactive and the acquisition of King by Activision Blizzard.

The acquisition of Rovio by Sega is likely to face regulatory scrutiny in some markets, but it is expected to close in the fourth quarter of 2023.

What does this mean for Angry Birds fans?

The acquisition of Rovio by Sega is unlikely to have a major impact on Angry Birds fans in the short term. Rovio will continue to develop and publish Angry Birds games, and Sega has said that it plans to invest in Rovio’s mobile gaming business.

However, the deal could have a longer-term impact on Angry Birds. Sega is a larger and more experienced company than Rovio, and it could bring new ideas and resources to the Angry Birds franchise. It is also possible that Sega could use Angry Birds to launch new gaming experiences, such as console games or augmented reality games.

Only time will tell what the long-term impact of the acquisition of Rovio by Sega will be on Angry Birds fans. However, in the short term, fans can expect to continue enjoying new Angry Birds games from Rovio.

Here are some additional details about the acquisition of Rovio by Sega:

  • The deal is valued at $2.1 billion, or €1.95 per share.
  • The deal is expected to close in the fourth quarter of 2023.
  • Sega is a Japanese gaming company that is known for its console games, such as Sonic the Hedgehog and Yakuza.
  • Rovio is a Finnish gaming company that is known for its mobile games, such as Angry Birds.
  • The acquisition of Rovio by Sega is likely to face regulatory scrutiny in some markets.

The acquisition of Rovio by Sega is a major deal that is likely to have a significant impact on the mobile gaming industry. It will be interesting to see how Sega integrates Rovio’s mobile gaming business into its own operations and how it plans to grow the Angry Birds franchise in the years to come.

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