Playtika offers €690m for “Angry Birds” maker Rovio

Israeli cellular video games firm Playtika (Nasdaq: PLTK) has supplied €690 million in an all money deal to purchase Rovio Leisure, the producer of ‘Indignant Birds.’ Playtika has supplied to purchase Rovio shares for €9.05 every, a 60% premium on the present share value. Rovio had been buying and selling at greater than this value in 2022 on the Finnish inventory market, the place it at the moment has a market cap of €470 million.

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Playtika’s provide to Rovio’s board of administrators is non-binding. Playtika beforehand supplied to purchase Rovio’s shares for €8.50 every.

Playtika notes that the provide is topic to customary circumstances, together with compliance with due diligence and a suggestion by Rovio’s board of administrators. At the moment, an settlement has not but been signed between Playtika and Rovio and there’s no assure that the transaction will probably be realized or be accomplished ultimately.

Playtika CEO Robert Antokol stated, “We firmly consider the mixture of Rovio’s famend IP and scale of its consumer base, along with our best-in-class monetization and recreation operations capabilities, will create large worth for our shareholders.”

Playtika’s share value is down 1.04% at $9.51, giving a market cap of $3.434 billion. The corporate held its IPO two years in the past at a valuation of $11 billion.

Revealed by Globes, Israel enterprise information – en.globes.co.il – on January 19, 2023.

© Copyright of Globes Writer Itonut (1983) Ltd., 2023.