Angry Birds Rovio Turn Down $2.25 Billion from Zynga
Angry Birds is one of the best selling games of all time, with nearly every iPhone and Android user having the game on their mobile device. With the game comes heaps of merchandising rights, with everything from Angry Birds costumes to Angry Birds mugs being sold around the world. Rovio, founders of the Angry Birds franchise were approached last week, with an insane offer being made for their unique business. The offer was made by none other than rival mobile gaming company Zynga, and the sum was no less than $2.25 billion.
Zynga, who recently released Castleville and Hidden Chronicles a few months ago, also tried to acquire a second company PopCap Games for $950 million. However, both Rovio and PopCap Games turned down the incredible offers. Zynga has grown greatly over the last few months, and are set to launch an IPO very soon, which could explain why they are in such a hurry to try nab up some competitors. Had Zynga succeeded in taking over Rovio and PopCap Games, when their IPO launched, they would have easily shot their share price skyhigh, making the takeovers pay off in a relatively short period of time.
News Source: techcrunch.com
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