According to recent reports, the world-famous video game developer and publisher SEGA is nearing the completion of its acquisition of Rovio Entertainment. This business is responsible for the immensely successful Angry Birds franchise. According to the sources, the investment should be finalized within the next week.
SEGA will pay a staggering one billion dollars for Rovio and all of its intellectual rights as part of the transaction. Follow our website, SamsungHubs, to learn about the most recent news!!
Rovio became a household name in the latter half of the 2000s and the early 2010s due to the enormous success of its flagship game, Angry Birds. This game has become a sensation on a global scale and has given rise to many sequels and spin-offs.
However, in recent years, the company’s brand hasn’t been as powerful as it once was, and this acquisition by SEGA has the potential to help resurrect the company’s reputation. Read Also – The Animated version of “Stranger Things” is in works at Netflix
The move by SEGA to acquire Rovio is being interpreted as an effort on the part of the company to bolster its presence in the mobile gaming sector, which is one in which it is rapidly outpacing its competitors. The most recent bid made by the firm for Rovio was for $1 billion, which placed it ahead of an earlier offer made by an Israeli startup called Playtika for $800 million.
It is anticipated that this deal will assist SEGA in bolstering its mobile gaming capabilities; however, it is still being determined what plans the business has for the recognizable characters from the Angry Birds franchise. Read Also – Watch official Peter Pan & Wendy trailer before Disney Plus launches on April 28
Because of its many successful video game franchises, like Yakuza and Sonic, SEGA has been a significant player in the video game business for a long time. In addition to these, the industry is reportedly working on a new Sonic game, which will have eye-popping graphics as well as features of multiplayer play.
The acquisition of Rovio by SEGA is a big step forward for the video game industry as a whole, and it will be fascinating to observe how the two firms will work together and create in the coming years.
This action also sheds light on the growing significance of mobile gaming within the gaming industry. It emphasizes the necessity for businesses to continually adapt and advance to stay one step ahead of the competition.