Angry Birds maker Rovio and Playtika end talks (updated)

Playtika Holding

22/03/2023 08:42

(Adds share reaction, background)
       COPENHAGEN, March 22 (Reuters) - Rovio  ROVIO.HE  said
on Wednesday talks had ended with Playtika  PLTK.O  over a
preliminary bid for the Finnish game maker but it was still in
talks with other potential buyers. 
        Israeli peer Playtika 
    in January sweetened an earlier made offer for Rovio to 683
million euros ($736 million) as a consolidation in the industry
gathers pace.
        "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," Rovio said in a statement on Wednesday.     
  
    Its shares were down 2% at 0840 GMT. 
        Nordea analysts in February 
    said
     potentially interested parties could include, but not be
limited to, EA, Take-Two, Sony, Netflix and Disney.
  
    


($1 = 0.9280 euros)

 (Reporting by Louise Breusch Rasmussen, editing by Anna
Ringstrom)
 ((Louisebreusch.rasmussen@tr.com; +45 21 27 97 79;))