Japan's Sega Sammy Holdings Inc said on Monday it planned to acquire Finland's Rovio Entertainment Oyj for 706 million euros ($776 million) to spur its growth in the fast-expanding global mobile gaming market.
Sega Sammy will offer 9.25 euros for each share of the company behind the mobile game Angry Birds, a 19% premium over Friday's closing price, in its tender offer bid set to be launched around May 8.
"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," Sega Sammy CEO Haruki Satomi said in a statement. "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."
Ahead of the official announcement, shares in Sega Sammy, which offers the action game series "Sonic the Hedgehog", closed down 4.2% in a broader marketSega Sammy shares came under pressure after the company said on Monday morning that it was considering acquiring Rovio amid investor doubts about synergy prospects.
Acquiring Rovio will likely make it easier for Sega Sammy to expand in mobile gaming, but the lack of blockbuster products other than "Angry Birds" keeps investors cautious, Toyo Securities analyst Hideki Yasuda said., but the talks were called off last month.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Sega offers $776 million for Angry Birds maker RovioJapan's Sega Sammy Holdings Inc has agreed to launch an offer for Finland's Rovio Entertainment , the maker of the Angry Birds mobile game, for 706 million euros ($775.8 million), the companies said in a joint statement on Monday.
Weiterlesen »
Sega Sammy says it is considering buying Angry Birds maker RovioJapan's Sega Sammy Holdings Inc said on Monday it was considering acquiring Finland's Rovio Entertainment Oyj but that nothing had been decided yet, sending its shares lower amid investor doubts about synergy prospects.
Weiterlesen »
Angry Birds maker Rovio confirms talks with Sega over tender offerRovio Entertainment , the company behind the mobile game Angry Birds, confirmed on Saturday that it is in talks with Japan's Sega Sammy Holdings Inc over a possible tender offer.
Weiterlesen »
Sega expected to acquire Angry Birds maker for $1 billion: ReportInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Weiterlesen »
Coachella 2023: Linda Lindas, Destroy Boys and Flo Milli kick off Day 2The early-day performances on Saturday, April 15 got crowds fired up at the Coachella Valley Music and Arts Festival in Indio.
Weiterlesen »
Elon Musk reportedly plans AI startup to rival ChatGPT-maker OpenAIAfter calling for a hault on any further AI development, Elonmusk has now reportedly been assembling a team of AI researchers and engineers to create a rival for ChatGPT.
Weiterlesen »