Video game-maker Sega Sammy Holdings has offered to buy Rovio Entertainment in a deal that values the Finland-based creator of Angry Birds at about �706 million (?103.6 billion).
Sega offered �9.25 per share in cash to the shareholders and �1.48 per option to the option holders of Rovio, according to a statement Monday. The Finnish company’s board unanimously recommended shareholders accept the offer, which is backed by 49% of shareholders including Rovio’s founding Hed family.
Rovio shares rose as much as 19% to trade at �9.17 each in Helsinki on Monday. The stock has surged more than 50% for the year to date amid deal speculation.
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