'Angry Birds' owner Rovio said it has received a takeover proposal from Israel's Playtika for $813.5 million
Rovio Entertainment Oyj said it received a takeover proposal from Israel’s Playtika Holding Corp. for 751 million euros, equivalent to $813.5 million, sending its shares up 38% Friday.
Rovio, which helped pioneer the now-booming mobile-gaming industry with its 2009 “Angry Birds“ hit, said the 9.05 euro-a-share bid represented a sweetened offer, following an earlier, undisclosed 8.50 euro bid by Playtika. Playtika specialized in casino-style mobile games before moving into casual games similar to “Angry Birds.“ Rovio said it isn’t engaged in deal talks with Playtika, and said there was no assurance a deal would be reached.
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