In an official press statement, Sega's parent company Sega Sammy Holdings explained that it will make a tender offer to purchase "the entirety of Rovio's outstanding shares and options," and that it expects the deal to be completed by Q2 in the 2024 financial year.
Sega says that acquiring Rovio will allow it to strengthen its own mobile game portfolio, and at the same time, it'll be able to use its video game console expertise to help Rovio expand beyond mobile devices.
Sega has officially confirmed that it is planning to acquire Rovio Entertainment, a deal that will see the video game company pay $776 million for the Angry Birds developer.
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