Advertisement
Singapore markets closed
  • Straits Times Index

    3,332.80
    -10.55 (-0.32%)
     
  • Nikkei

    39,583.08
    +241.54 (+0.61%)
     
  • Hang Seng

    17,718.61
    +2.14 (+0.01%)
     
  • FTSE 100

    8,227.38
    +47.70 (+0.58%)
     
  • Bitcoin USD

    61,427.36
    +312.42 (+0.51%)
     
  • CMC Crypto 200

    1,281.29
    -2.54 (-0.20%)
     
  • S&P 500

    5,482.87
    +4.97 (+0.09%)
     
  • Dow

    39,164.06
    +36.26 (+0.09%)
     
  • Nasdaq

    17,858.68
    +53.53 (+0.30%)
     
  • Gold

    2,339.90
    +3.30 (+0.14%)
     
  • Crude Oil

    82.44
    +0.70 (+0.86%)
     
  • 10-Yr Bond

    4.2880
    -0.0280 (-0.65%)
     
  • FTSE Bursa Malaysia

    1,590.09
    +5.15 (+0.32%)
     
  • Jakarta Composite Index

    7,063.58
    +95.63 (+1.37%)
     
  • PSE Index

    6,411.91
    +21.33 (+0.33%)
     

Sega offers $776 million for Angry Birds maker Rovio

FILE PHOTO: Angry Birds game characters are seen at the Rovio headquarters in Espoo

HELSINKI (Reuters) - Japan's Sega Sammy Holdings Inc has agreed to launch an offer for Finland's Rovio Entertainment, the maker of the Angry Birds mobile game, for 706 million euros ($775.8 million), the companies said in a joint statement on Monday.

Tokyo-based Sega will offer 9.25 euros per share for Rovio, a 19% premium over Friday's closing price of 7.775 euros.

Rovio, which has been conducting a strategic review, on Saturday said it was in talks with Sega over a possible tender offer. The Wall Street Journal had reported on Friday that a deal between the two companies was imminent.

Israeli peer Playtika had made a preliminary bid in January to buy Rovio for 683 million euros, but the Angry Birds maker confirmed last month talks had ended.

($1 = 0.9101 euros)

(Reporting by Terje Solsvik, editing by Louise Rasmussen)