Rovio investors reacted positively to the news that Playtika wants to buy Angry Birds developers. During the day, the value of Rovio shares jumped by 34.4% to €7.6 per share.
Recall that Playtika offered to buy back all issued and outstanding Rovio shares at a price of €9.05 per share, which is 60% more than the company’s shares were worth at the closing of the exchange on January 19. According to Reuters, Playtika intends to pay €683 million or $737.5 million in total.
According to analyst Serkan Toto, amid the news of a possible deal, Rovio’s capitalization has grown to $900 million. However, according to Google Finance, the company’s capitalization is now much lower and amounts to €629.98 million ($681 million).