Playtika Holding Corp. sweetened its all-cash offer for 'Angry Birds' publisher Rovio Entertainment Corp. by a little more than 6% Thursday
Playtika Holding Corp. sweetened its all-cash offer for “Angry Birds” publisher Rovio Entertainment Corp. by a little more than 6% on Thursday.
Coincidentally, Playtika PLTK shares fell as much as 6% to an intraday low of $9 a share, and were last down 2.7%. Rovio ROVIO shares closed down 2.5% at 5.67 euros a share in Helsinki about an hour before Playtika made the announcement. Meanwhile, the S&P 500 index SPX declined 0.7%, and the tech-heavy Nasdaq Composite Index COMP was down 1%.
“We firmly believe the combination of Rovio’s renowned IP and scale of its user base, together with our best-in-class monetization and game operations capabilities, will create tremendous value for our shareholders,” said Robert Antokol, Playtika chief executive, in a statement.Analysts surveyed by FactSet expect Rovio to report 2022 sales of $319.6 million euro, up from the previous year’s $286.
The mobile gaming and monetization sector has become active lately with AppLovin Corp. APP giving up its quest to merge with Unity Software Inc. U . Recently, one analyst downgraded Applovin and Unity because he expected headwinds in the mobile game space to last for another two years.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Deadly Neighborhood Spider-Man #4 Preview: Spidey Goes to the BirdsWhat's that coming out of Spidey's web-shooters in this preview of Deadly Neighborhood Spider-Man 4? comics marvel
Read more »
Video shows dump truck allegedly driven by angry husband crashing into wife's homeAn estranged husband crashed a dump truck into his wife’s home in South L.A., smashing into her parked car and other vehicles, authorities said.
Read more »
Chinese who lost relatives to COVID angry at failure to protect elderlyAs hundreds of millions of Chinese travel to reunite with families for the Lunar New Year holiday starting Jan. 21, many will do so after mourning relatives who died in the COVID wave that has raged across the world's largest population
Read more »
'I felt at home in America, until an angry crowd heckled me'Rebecca Morrison tells Newsweek about a heart-wrenching experience during a college vacation.
Read more »