The famous Angry Birds franchise development studio was acquired by Sega for $776 million.
According to VGC, Sega has officially completed the acquisition of Rovio Entertainment, the developer behind the Angry Birds game series. once-popular
Previously in April, Sega Sammy Holdings announced plans to make a bid to buy back all of Rovio’s shares, at a total cost of 706 million euros ($776 million). And recently, Sega’s official Twitter account posted an image of characters like Sonic, Tails, and Knuckles paired with Angry Birds, confirming that the deal is closed.
Sega’s tweet read: “Welcome to the large Sega family! We are delighted to welcome Rovio as a member of the group. Get ready for exciting adventures ahead.”.
When announced in April, the deal was considered a “friendly” takeover, as Sega claimed Rovio’s board of directors had “agreed and expressed support for the auction offer”. Sega has also stated that it expects to finalize the deal by the end of September.
As announced at the time, Sega plans to acquire the studio that created Angry Birds to bolster its own portfolio of live-service mobile games. The company said it wants to use “Rovio’s unique know-how in live-service mobile gaming capabilities, to bring Sega’s current and new titles to the potentially lucrative global mobile game market.” power”.
At the same time, Sega also announced that Rovio wants to go beyond mobile games and the corporation is looking to help the studio do that