Playtika is trying to purchase Rovio, because the cellular writer and monetization outfit immediately introduced it has made a €9.05 per share all-cash provide to Rovio’s board of administrators.
That worth represents a 55% premium over the Indignant Chicken maker’s Wednesday closing worth of €5.82.
That might put the full provide near €751 million, or roughly $813 million.
The provide is non-binding, and Playtika specified it has not reached any settlement with Rovio within the matter.
Playtika has been focused on Rovio for some time, because it mentioned it made an preliminary provide of €8.50 per share to the board of administrators in November.
“We firmly imagine the mixture of Rovio’s famend IP and scale of its consumer base, along with our best-in-class monetization and sport operations capabilities, will create large worth for our shareholders,” Playtika CEO Robert Antokol mentioned.
The acquisition provide comes alongside a stretch of downsizing for Playtika. It laid off 600 staff final month, including to a reported 250 layoffs final June, and in between it minimize 120 extra jobs because it shut down Greatest Fiends developer Critically, which it acquired in 2019.
Whereas Rovio shares briefly traded above Playtika’s provide final Might, they have not closed a buying and selling day above €9.05 since an early 2018 revenue warning nearly halved the company’s share price in a single day.
Rovio didn’t instantly reply to a request for remark.
