Playtika boosts all-cash offer for Rovio to 60% premium
Jan. 19, 2023 12:06 PM ETPlaytika Holding Corp. (PLTK), RVTTYROVVFBy: Jason Aycock, SA News Editor
- Playtika (NASDAQ:PLTK) has boosted its offer price to acquire Finland's Rovio Entertainment (OTCPK:RVTTY), the maker of venerable mobile game hit franchise Angry Birds.
- Israel-based Playtika has increased its offer to €9.05 per share in cash - about a 60% premium to Rovio's share price in Helsinki.
- It's an improvement over an initial proposal for €8.50 per share submitted Nov. 16.
- “We firmly believe the combination of Rovio’s renowned IP and scale of its user base, together with our best-in-class monetization and game operations capabilities, will create tremendous value for our shareholders,” said Playtika CEO Robert Antokol.