About 646 days ago Gaming

‘Angry Birds’ Maker Said to Pursue $1.2 Billion Valuation

Rovio Entertainment Oy may be considering investment to expand brand.
Posted on August 15, 2011 by Matt DeLuca
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If Finland-based Rovio Entertainment Oy receives the $1.2 billion valuation it’s rumored to be clamoring for, we can expect to see a movie, clothes, and stuffed animals all inspired by some furious fowls. The company makes “Angry Birds,” the popular game for mobile devices.

Though Rovio has turned down offers from major investors in the past, the company is rumored to be seriously considering an offer from an investment company in the entertainment business. Michael Pachter, a managing director of research at Wedbush Securities Inc, speculated for reporters that the shortlist of likely investors may include Electronic Arts, Walt Disney Co, and News Corp., among others.

Read more at Bloomberg.

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  • http://twitter.com/BusinessPartnrs Business Partners

    Rovio  sounds like an interesting venture

  • http://twitter.com/angryriobird Angry Rio Bird

    > we can expect to see a movie, clothes, and stuffed animals all inspired by some furious fowls

    All these things are already available, the Rio movie was premiered on April this year I believe. 1.2 billion sounds like a lot of money but Rovio definitely deserves it!

    Little Bird from http://www.angrybirdsrio.org