Sega offers to buy 'Angry Birds' creator Rovio Entertainment

In its early years, the Finnish firm developed more than 50 games, typically with gloomy titles such as 'Darkest Fear', 'Cyber Blood', and 'Wolf Moon', before striking gold with 'Angry Birds', an entertaining confection that capitalised on the iPhone’s touchscreen technology, new at the time. — Reuters

Video game maker Sega Sammy Holdings Inc offered to buy Rovio Entertainment Oyj in a deal that values the Finland-based creator of Angry Birds at about €706mil (US$776mil/RM3.4bil).

Sega offered €9.25 (RM44) per share in cash to the shareholders and €1.48 (RM7) per option to the option holders of Rovio, according to a statement on Monday. The Finnish company’s board unanimously recommended shareholders accept the offer that is backed by 49% of shareholders, including Rovio’s founding Hed family.