In January, Israeli mobile publisher Playtika also offered to acquire Rovio, which sent the Finnish company’s stock skyrocketing following the buyout talks. 
Over the weekend, the Wall Street Journal reported that Sega plans to acquire Rovio for roughly $1 billion.
The deal, which is subject to antitrust reviews, is expected to close in the second quarter of FY2024 ending September 30, 2023.
Rovio’s board of directors has already agreed to the proposal. As reported by Bloomberg, Rovio shares rose 19% on Monday. The Japanese company will pay €9.25 for every share and €1.48 for every option held by the Angry Birds maker. 
On April 17, Sega Sammy Holdings officially made an offer to acquire Rovio Entertainment for €706 million ($776 million) after the meeting of its board of directors.
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