Home Business News Playtika presents €690m for “Offended Birds” maker Rovio

Playtika presents €690m for “Offended Birds” maker Rovio

Playtika presents €690m for “Offended Birds” maker Rovio


Israeli cell video games firm Playtika (Nasdaq: PLTK) has supplied €690 million in an all money deal to purchase Rovio Leisure, the producer of ‘Offended 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 presently has a market cap of €470 million.

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 situations, together with compliance with due diligence and a advice by Rovio’s board of administrators. Nowadays, an settlement has not but been signed between Playtika and Rovio and there’s no assure that the transaction might be realized or be accomplished in the long run.

Playtika CEO Robert Antokol stated, “We firmly consider the mixture of Rovio’s famend IP and scale of its person 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.



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