Fri, Aug 12, 2011 | 14:59 BST
Report – New round of funding could see Rovio worth $1.2 billion
Rovio Entertainment is in talks for new funding which would put the firm’s value at $1.2 billion, according to a Bloomberg reports. Citing “two people with knowledge of the discussions,” Bloomberg states Rovio is considering an investment from an as of yet unnamed entertainment firm. The funding would help the firm with its Angry Birds movie, currently at the idea stage, and extra fund to open offices outside of its home-base of Finland. In March, Rovio raised $42 million from an investment fund controlled by Skype founder Niklas Zennstrom. Thanks, Forbes.
5 comments
#1
hitnrun
12/08/11, 3:35 pm
Given that Rovio itself is planning an Angry Birds cartoon, movie, detergent line, and burger franchise, I suppose their being bought by an overly exploitative corporation couldn’t be worse.
#2
Maximum Payne
12/08/11, 5:23 pm
@1 Is that you joke or true ?
#3
Len
12/08/11, 6:31 pm
These lot just seem to get money thrown at them.
#4
hitnrun
12/08/11, 8:31 pm
@2 It was a partial joke…for now.
#5
Maximum Payne
13/08/11, 8:14 am
@4 pillows are nice