Categories: Science & Technology

Angry Birds – will it bring 1.2 billion to its maker?

Rovio Entertainment , the organization in the back of the “Angry Birds” mobile-phone game, is apparently in conversations to obtain financing that could price this company about $1.2 billion, Bloomberg states.

In the “Angry Birds“, participants help a small grouping of slingshot-aided-birds get rid of pigs who stole their eggs.

Two people having knowledge of the actual discussions informed Bloomberg how the Finland-based game producer is thinking about a “strategic investment” coming from a firm in the entertainment industry. Previous offers coming from big institutional investors have been declined, the individuals explained.

The investment might be put toward a structured expansion which includes an “Angry Birds” film, stuffed animal as well as garments sales at 200 retailers in China as well as office buildings outside Finland.

Michael Pachter, managing director of research at Wedbush Securities Inc., explained to Bloomberg that the most probably businesses to be having this kind of discussions with Rovio contain gaming worries Electronic Arts and Zynga and media giants News Corp. as well as Walt Disney.

In July, Electronic Arts purchased PopCap Games, manufacturer of Plants vs. Zombies, Bejeweled as well as Zuma, for $650 million in cash and $100 million in stock, as outlined by CNET. The offer also authorized (blank) PopCap to get as much as $550 million in earnouts when certain earnings levels were reached.

Rovio raised $42 million in March, reported by Reuters, from investors such as Accel Partners, who has in the past supported Facebook, as well as Skype co-founder Niklas Zennstroem’s venture capital firm, Atomico Ventures.

Mikael Hed, Rovio’s chief executive and co-founder claimed: “Angry Birds will continue to develop and we aim to create more similar success stories,”..

Angry Birds

In accordance with Rovio, “Angry Birds” has been downloaded 300 million times. Back in March, the organization told Reuters the game had 40 million monthly active users.

bNNzRyd1xz0
Nancy Clayson

Nancy is a young, full of life lady who joined the team shortly after the BelleNews site started to run. She is focused on bringing up to light all the latest news from the technology industry. In her opinion the hi-tech expresses the humanity intellectual level. Nancy is an active person; she enjoys sports and delights herself in doing gardening in her spare time, as well as reading, always searching for new topics for her articles.

Recent Posts

Quincy Jones Dead at 91

Quincy Jones, the celebrated musician and producer who worked with Michael Jackson, Frank Sinatra, Ray…

9 hours ago

White House 2024: Voter Fraud Claims Flood Social Media

Misleading allegations, rumours and outright lies about voting and fraud are flooding online spaces in…

2 days ago

Spain: At Least 158 Killed In The Country’s Worst Flooding Disaster

At least 158 people have died in Spain's worst flooding disaster in generations. On October…

4 days ago

Russia Fines Google $20,000,000,000,000,000,000,000,000,000,000,000, Surpassing Global GDP

Google has been fined two undecillion (a two followed by 36 zeroes) roubles by a…

4 days ago

Financing Your Home Remodel: 7 Tips for Success

Embarking on a home remodel is an exciting journey, promising enhanced comfort, increased property value,…

2 weeks ago

Donald Trump Serves Up McDonald’s Fries While Kamala Harris Celebrates 60th Birthday with Church Choir

The US presidential candidates continued to campaign across key swing states on October 20. Footage…

2 weeks ago