Japan’s Sega Sammy will pay $776 million to acquire Rovio Entertainment, the company behind Angry Birds.
Sega Sammy Holdings of Japan intends to purchase Rovio Entertainment of Finland, the maker of the well-known mobile game Angry Birds. To grow its mobile gaming sector, Sega Sammy is poised to pay $776 million to acquire the Finnish firm. The shares of Rovio rose as a result of this development. Sega Sammy CEO Haruki Satomi said, “In 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.” The tender offer was accepted by the Rovio board of directors, indicating that this…