Angry Birds maker Rovio confirms talks with Sega over tender offer

Angry Birds maker Rovio confirms talks with Sega over tender offer FMTNews FMTBusiness

As of Friday’s close, Rovio’s market capitalisation stood at US$653.5 million according to Refinitiv Eikon data.

Rovio announced the start of a strategic review and preliminary non-binding discussions regarding a potential tender offer for its shares in February, a statement from the group said. The statement comes after the Wall Street Journal on Friday reported that Sega is nearing a deal to acquire Rovio for about US$1 billion.

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