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Rovio Entertainment Corporation Inside Information April 15, 2023, 4:00pm EST
Insider tip: Rovio Entertainment Corporation has confirmed it is in discussions with Sega Sammy Holdings Inc. as part of its strategic review.
On February 6, 2023, Rovio Entertainment Corporation (“Le Vio“) announced the commencement of a strategic review and initial non-binding discussions with certain parties regarding a potential tender offer for Rovio stock.
Referring to recent information from the media, Rovio confirmed that it is working with Sega Sammy Holdings Inc. (“Sega)) Regarding a possible tender offer for Rovio shares. Rovio and Sega will release further information in due course. It is not possible to determine when or if a possible tender offer will occur, nor can the terms of such a potential tender offer be determined.
Due to ongoing discussions, Rovio does not comment on valuation estimates provided by the media and there can be no assurance that such estimates will reflect the results of the discussions.
Rovio Entertainment
Board of Directors
For more information, please contact:
Alexandre Pelletier-Normand, CEO
RovioIR@rovio.com
+358 40 485 8985
distribute:
Nasdaq Helsinki Ltd.
major news media
About Rovio:
Rovio Entertainment Corporation is a mobile-first global gaming company that creates, develops and publishes mobile games that have been downloaded more than 5 billion times. Rovio is best known for the global Angry Birds brand, which started as a popular mobile game in 2009 and has since grown from games to a variety of entertainment, animation and consumer products licensed by the brand. Rovio produced The Angry Birds Movie (2016), whose sequel, The Angry Birds Movie 2, was released in 2019. The company offers a wide range of mobile games and has eight game studios – one in Espoo (Finland), one in Stockholm (Sweden), one in Copenhagen (Denmark), one in Barcelona (Spain) and two in Montreal , one in Toronto (Canada). The studios also include an Izmir (Turkey)-based subsidiary called Ruby Games, which was acquired in 2021. Most of the employees are based in Rovio’s headquarters in Finland. The company’s shares are listed on the main board of the NASDAQ Helsinki Stock Exchange under the trading symbol ROVIO. (www.rovio.com)
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