Sega nears deal to acquire Angry Birds maker Rovio for $1 billion, Wall Street Journal reports

April 14 (Reuters) – Japan’s Sega Sammy Holdings Inc (6460.T) is nearing a deal to acquire Rovio Entertainment (ROVIO.HE), the corporate behind the ‘Angry Birds’ cellular sport, for about $1 billion, the Wall Street Journal reported on Friday.

Tokyo-based Sega might finalize the deal to full the acquisition of Rovio by early subsequent week, the report mentioned citing individuals aware of the matter.

Israeli peer Playtika (8II.F), had made a preliminary bid in January to purchase Rovio for 683 million euros ($750.96 million), however the Angry Birds maker confirmed final month talks had ended.

Rovio and Sega didn’t instantly reply to Reuters’ requests for remark.

($1 = 0.9095 euros)

Reporting by Rahat Sandhu in Bengaluru; Editing by Krishna Chandra Eluri

Our Standards: The Thomson Reuters Trust Principles.

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