(Reuters) – Rovio Leisure, the corporate behind the cellular sport Indignant Birds, confirmed on Saturday that it’s in talks with Japan’s Sega Sammy Holdings Inc over a attainable tender provide.

Rovio introduced the beginning of a strategic evaluation and preliminary non-binding discussions relating to a possible tender provide for its shares in February, an announcement from the group mentioned.

“As a part of its strategic evaluation, Rovio Leisure Company confirms that it’s in discussions with Sega Sammy Holdings Inc,” it mentioned. “Rovio and Sega will launch additional data at an acceptable time.”

The assertion comes after the Wall Avenue Journal on Friday reported that Sega is nearing a deal to amass Rovio for about $1 billion.

Rovio declined to touch upon the valuation. As of Friday’s shut its market capitalization stood at 594.1 million euros ($653.5 million), in keeping with Refinitiv Eikon information.

The corporate added within the assertion that there “is not any certainty as to when the attainable tender provide would happen, or whether or not it will happen in any respect”.

Sega didn’t instantly reply to a Reuters request for remark.

Rovio obtained a 683 million euro takeover bid in January from Israeli peer Playtika Holding Corp, however the talks have been referred to as off final month.

($1 = 0.9091 euros)