Roschier advises Rovio in the EUR 700 million all cash takeover of all shares in Rovio by Sega Europe
Angry Birds creator Rovio Entertainment Corporation and Sega Europe have announced a recommended all cash takeover offer for all the shares in Rovio, valuing Rovio at over EUR 700 million. Roschier represents Rovio in the transaction.
The Board of Directors of Rovio, represented by a quorum comprising all members of the Board of Directors, has unanimously agreed to recommend that the shareholders and the option holders of Rovio accept the recommended cash offer of EUR 9.25 per share to the shareholders and EUR 1.48 per option to the option holders of Rovio.
Its shares listed on Nasdaq Helsinki, Rovio is a global mobile-first games company that creates, develops, and publishes mobile games, which have been downloaded over 5 billion times. Rovio is best known for the global Angry Birds brand, and has evolved from games to various entertainment, animations and consumer products in brand licensing. The company offers multiple mobile games and has eight game studios worldwide.
Sega Europe is the European distribution arm of Sega Corporation, a worldwide leader in interactive entertainment with well-known brands such as Sonic the Hedgehog. Sega Europe wholly owns some leading development studios, including Sports Interactive and Creative Assembly, the creators of Football Manager and Total War, respectively.