The Chinese corporation Tencent has announced its readiness to buy the Finnish company Rovio for $ 3 billion, according to the publication The Information, citing informed sources.
But this is still only an intention. According to sources, Rovio has not entered into any agreements. Besides, Tencent is not the only one who is interested in the Finnish studio.
It also became known that, with some probability, Rovio may hold an IPO closer to the end of this year.
“Entering the stock exchange may become possible in the future to support Rovio’s strong growth and achieve our strategic goals. However, Rovio and its owners have not made any decisions regarding a possible IPO,” Rovio representatives commented to The New York Times.
After several years of falling revenues and job cuts, Rovio has become profitable again since last year. This was greatly facilitated by the international success of the film Angry Birds.
Chinese Internet giant Tencent owns an impressive portfolio of gaming companies. Last year, for $8.6 billion, he acquired a controlling stake in another major Finnish developer, Supercell.
Also on the topic:
- Rovio earned €66.3 million in the first quarter of 2017Tencent acquires 84% of Supercell shares for $8.6 billion
- Tencent bought 10% of Seasun shares for $142 million
- Source: Pocket Gamer