Rovio shares rose by 34% after Playtika offered to buy the company
Rovio investors reacted positively to the news that Playtika wants to buy Angry Birds developers. During the day, the value of Rovio shares jumped by 34.4% to €7.6 per share.
Recall that Playtika offered to buy back all issued and outstanding Rovio shares at a price of €9.05 per share, which is 60% more than the company’s shares were worth at the closing of the exchange on January 19. According to Reuters, Playtika intends to pay €683 million or $737.5 million in total.
According to analyst Serkan Toto, amid the news of a possible deal, Rovio’s capitalization has grown to $900 million. However, according to Google Finance, the company’s capitalization is now much lower and amounts to €629.98 million ($681 million).
