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‘Angry Birds’ Maker Said to Pursue $1.2 Billion Valuation
Posted By Matt DeLuca On August 15, 2011 @ 2:24 pm In Gaming | 2 Comments
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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