Rovio Entertainment Corporation Inside information 15 April 2023, at 4:00 pm EEST
Inside information: As part of its strategic review, Rovio Entertainment Corporation confirmed that it is in discussions with Sega Sammy Holdings Inc.
On February 6, 2023, Rovio Entertainment Corporation (“Rovio”) announced the initiation of a strategic review and preliminary non-binding discussions with certain parties regarding a potential tender offer for Rovio’s shares.
With reference to new media information, Rovio confirmed that it is in discussions with Sega Sammy Holdings Inc. (“Sega”) about a possible tender offer for Rovio’s shares. Rovio and Sega will release more information in due course. There can be no assurance as to when a potential tender offer will occur or if it will occur, or as to the terms of such a potential tender offer.
Rovio does not comment on valuation estimates presented to the media due to ongoing discussions and there is no assurance that such estimates will reflect the outcome of those discussions.
Rovio Entertainment Corporation
The Board of Directors
For more information, please contact:
Alexandre Pelletier-Normand, CEO
RovioIR@rovio.com
+358 40 485 8985
Distribution:
Nasdaq Helsinki Ltd
Main news media
About Rovio:
Rovio Entertainment Corporation is a global mobile-first games company that creates, develops and publishes mobile games, which have been downloaded more than 5 billion times. Rovio is best known for its global Angry Birds brand, which started as a popular mobile game in 2009, and has since expanded from games to various entertainment, animation and consumer products in brand licensing. Rovio produced The Angry Birds Movie (2016), and its sequel, The Angry Birds Movie 2 was released in 2019. The company offers many mobile games and has eight game studios – one in Espoo (Finland), one in Stockholm (Sweden), one in Copenhagen (Denmark), one in Barcelona (Spain), two in Montreal and one in Toronto (Canada). The studios also include a subsidiary in Izmir (Turkey) called Ruby Games, which will be acquired in 2021. Most of the employees are based in Finland where Rovio is headquartered. The company’s shares are listed on the main list of the NASDAQ Helsinki stock exchange with the trading code ROVIO. (www.rovio.com)