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    Home»Gaming»Sega is Buying Rovio Entertainment, Maker of Angry Birds
    Gaming

    Sega is Buying Rovio Entertainment, Maker of Angry Birds

    Anil MauryaBy Anil Maurya18/04/20232 Mins Read
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    The Finnish mobile game developer behind Angry Birds, Rovio Entertainment, has been acquired by Sega. In a press release, Sega is said to be acquiring all of Rovio’s outstanding shares and options (to the tune of €706 million) in a “friendly takeover” that has been approved by Rovio’s board of directors.
    Once the required antitrust reviews are finished, the acquisition will commence the following month and be completed in the second quarter of the 2024 fiscal year.
    Sega is Buying Rovio Entertainment
    Sega is Buying Rovio Entertainment
    Haruki Satomi, president, and group CEO of Sega Sammy Holdings says-

    “Among the rapidly growing global gaming market, the mobile gaming market has especially high potential, and it has been Sega’s long-term goal to accelerate its expansion in this field.” 

    “I feel blessed to be able to announce such a transaction with Rovio, a company that owns ‘Angry Birds’, which is loved across the world, and home to many skilled employees that support the company’s industry-leading mobile game development and operating capabilities.”

    “Historically, as represented by the ‘Sonic the Hedgehog series, Sega has released countless video game titles to various gaming platforms. I am confident that, through a combination of both companies’ brands, characters, fanbase, as well as corporate culture and functionality, there will be significant synergies created going forward.”

    Rovio CEO Alexandre Pelletier-Normand in a statement says-

    “Red and Sonic the Hedgehog: two globally recognized and iconic characters made by two remarkably complementary companies, with a worldwide reach that spans mobile, PC/console, and beyond.Combining the strengths of Rovio and Sega presents an incredibly exciting future.”

    Rovio is well recognized as the company behind the Angry Birds mobile game franchise, which has become a worldwide phenomenon. There have been many video games based on the franchise, as well as two animated features and a number of television and online shows.( According to gameinformer)

    Our website, American Tech Journal, is a great place to read further content related to games.
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    Anil Maurya
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    Hi there, my name is Anil Maurya, and I work as a content writer. I specialize in writing interesting and useful articles on a wide range of themes. I am an expert at writing material that is accessible to its intended readers and precisely customized to their specific requirements. Through my writing, I hope to add value and assist businesses in reaching their marketing goals.

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