Sega bids to buy Angry Birds' owner Rovio for $776.5M

ISTANBUL

Japanese videogame firm Sega offered €706 million ($776.5 million) to acquire Rovio, the owner of the popular mobile game Angry Birds.

According to a joint press release on Monday by the firms, Sega offered €9.25 per share for the Finland-based Rovio.

"Combining the strengths of Rovio and Sega presents an incredibly exciting future," Rovio CEO Alexandre Pelletier-Normand said.

Haruki Satomi, CEO of Sega, said the mobile gaming market is an important expansion for Sega's long-term goal, which has released numerous video games so far, including Sonic Hedgehog.

Sega bids to buy Angry Birds' owner Rovio for $776.5M

Sega bids to buy Angry Birds' owner Rovio for $776.5M

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