Playtika gives €690m for “Indignant Birds” maker Rovio


Israeli cell video games corporate Playtika (Nasdaq: PLTK) has introduced €690 million in an all money deal to shop for Rovio Leisure, the manufacturer of ‘Indignant Birds.’ Playtika has introduced to shop for Rovio stocks for €9.05 every, a 60% top class at the present proportion worth. Rovio have been buying and selling at upper than this worth in 2022 at the Finnish inventory marketplace, the place it lately has a marketplace cap of €470 million.

Playtika’s be offering to Rovio’s board of administrators is non-binding. Playtika in the past introduced to shop for Rovio’s stocks for €8.50 every.

Playtika notes that the be offering is topic to standard stipulations, together with compliance with due diligence and a advice by way of Rovio’s board of administrators. These days, an settlement has now not but been signed between Playtika and Rovio and there’s no make sure that the transaction will probably be learned or be finished in any case.

Playtika CEO Robert Antokol mentioned, “We firmly imagine the mix of Rovio’s famend IP and scale of its person base, at the side of our best-in-class monetization and sport operations features, will create super worth for our shareholders.”

Playtika’s proportion worth is down 1.04% at $9.51, giving a marketplace cap of $3.434 billion. The corporate held its IPO two years in the past at a valuation of $11 billion.

Revealed by way of Globes, Israel industry information – – on January 19, 2023.

© Copyright of Globes Writer Itonut (1983) Ltd., 2023.



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