Playtika offers to buy 'Angry Birds' maker Rovio for €683 million

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Israeli gaming firm Playtika Holding Corp said on Thursday it offered to buy Finnish game maker Rovio, best known for its 'Angry Birds' franchise, for €683 million (US$737.50 million) in a sweetened all-cash deal. The offer price of 9.08 euros per share represents a premium of about 60 per cent to Rovio'

Israeli gaming firm Playtika Holding Corp said on Thursday it offered to buy Finnish game maker Rovio, best known for its"Angry Birds" franchise, for €683 million in a sweetened all-cash deal.

The offer price of 9.08 euros per share represents a premium of about 60 per cent to Rovio's close of trading on Jan 19.Playtika's offer is roughly €40 million more than its previous offer in November.The latest offer comes as the gaming industry is going through a round of consolidation.

 

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