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Sega to acquire Angry Birds maker Rovio for $776 million

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Japanese gaming giant Sega announced Monday it has made a 706 million euro ($776 million) offer for the maker of the Angry Birds puzzle game, Finland’s Rovio Entertainment Oyj.

The deal would be for the entirety of Rovio’s outstanding shares and options, valuing the stocks at 9.25 euros per share, a roughly 19% premium to their closing price before the announcement, Sega said. It’s valuing the options at 1.48 euros.

Read more about this at: cnbc

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Andrew Sabastian is a tech whiz who is obsessed with everything technology. Basically, he's a software and tech mastermind who likes to feed readers gritty tech news to keep their techie intellects nourished.
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