Angry Birds Target Stockmarket
The maker of Angry Birds, Finnish mobile game and animation studio Rovio, could soon list on the US stock exchange. Chinese IT outfit Tencent is reportedly exploring a possible US$3 billion bid for Rovio and also said Rovio may consider an IPO.
Responding to the reports, Rovio said shareholders regularly assess different alternatives to further develop the company. It said a stock exchange listing at some point in the future could be possible – but it had not yet made any decisions.
Rovio returned to profit last year after years of falling earnings, job cuts and divestments. The company is 70-percent owned by Kaj Hed, uncle of the company’s co-founder Niklas Hed.