Sega will acquire the Finnish company Rovio, makers of the Angry Birds games, for $775 million.
Sega, the creator of Sonic The Hedgehog, is looking to strengthen its position in the mobile gaming market with this acquisition.
By The Numbers
The deal, which has been approved by Rovio’s board and shareholders, puts a €706 million ($775 million) price tag on the Angry Birds studio.
Sega says it expects to be able to complete the acquisition by the end of September 2023. Rovio will become part of Sega Europe, the UK-based subsidiary that also encompasses studios like Creative Assembly (Total War) and Sports Interactive (Football Manager).
In a press release, Sega said it expects mobile gaming to grow to 56% of the overall gaming market by 2026, and that it aims to use “Rovio’s distinctive know-how in live service mobile game operation to bring Sega’s current and new titles to the global mobile gaming market, where there is large potential, and many users can be accessed.”
What Happens Next
Sega says it will help Rovio expand outside of mobile gaming and launch its games on other platforms. It also noted that both companies have been quite successful in the multimedia realm, bringing Angry Birds and Sonic the Hedgehog to movie theaters.
Source: Polygon
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