Rovio Entertainment Corp.: Inside information: Rovio confirms the continuation of its strategic review as preliminary non-binding discussions with Playtika end
Rovio Entertainment Corporation Inside information March 22, 2023, at 9:55 a.m. EET
Inside information: Rovio confirms the continuation of its strategic review as preliminary non-binding discussions with Playtika end
Rovio Entertainment Corporation (“Rovio”) announced on February 6, 2023 that its Board of Directors has decided to commence a strategic review and that, as part of such review, Rovio has decided to enter into preliminary non-binding discussions with certain parties, including Playtika Holding Corp (”Playtika”). The Board of Directors of Rovio confirms that the preliminary discussions with Playtika in connection with Rovio's strategic review have now ended. The Board of Directors of Rovio continues its strategic review, including preliminary non-binding discussions with certain other parties, in order to reach the best possible outcome for Rovio and its shareholders.
There can be no assurance that the strategic review and the preliminary non-binding discussions will result in any cash or other tender offer or any other transaction, or the pricing of any such possible transaction. Rovio will release further information at an appropriate time.
Rovio Entertainment Corporation
The Board of Directors
For more information, please contact:
Alexandre Pelletier-Normand, CEO
+358 40 730 3442
Nasdaq Helsinki Ltd
Main news media
Rovio Entertainment Corporation is a global mobile-first games company that creates, develops and publishes mobile games, which have been downloaded over 5 billion times. Rovio is best known for the global Angry Birds brand, which started as a popular mobile game in 2009, and has since evolved from games to various entertainment, animations and consumer products in brand licensing. Rovio has produced The Angry Birds Movie (2016), and its sequel, The Angry Birds Movie 2 was released in 2019. The company offers multiple mobile games and has eight game studios – one in Espoo (Finland), one in Stockholm (Sweden), one in Copenhagen (Denmark), one in Barcelona (Spain), two in Montreal and one in Toronto (Canada). The studios also include a subsidiary in Izmir (Turkey) called Ruby Games, which was acquired in2021. Most of the employees are based in Finland where Rovio is headquartered. The company’s shares are listed on the main list of NASDAQ Helsinki stock exchange with the trading code ROVIO. (www.rovio.com)
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