Japanese company Sega has announced the acquisition of Finnish video game developer Rovio., creator of the popular mobile game Angry Birds, for a total of $776 million. The acquisition was made to accelerate Sega’s expansion into the mobile gaming market.
Sega Group CEO Haruki Satomi said in a press release that “Among the rapidly growing global gaming market, the mobile gaming market has particularly high potential, and Sega’s long-term goal was to accelerate its development in this area.“.
Rovio’s valuation was nearly $10 a share, up 19% from the market price.. With this acquisition, Sega will gain control of Angry Birds, one of the most downloaded mobile games in the world, allowing it to expand its product portfolio and increase its presence in the mobile gaming market.
This acquisition is expected to have a significant impact on both companies and the gaming industry as a whole.. Sega has been working to expand its mobile gaming business for several years, and this acquisition represents an important step towards achieving its long-term goals.
Catalog
While Sega has an extensive catalog, Sonic the Hedgehog is undoubtedly the most important video game title from this developer.. Since its release in 1991, it has been a huge success around the world, spawning a huge fan base. Over the years, Sonic has appeared in numerous sequels, spin-offs, adaptations for other media, and collaborations with other franchises.
Sonic the Hedgehog is one of the most recognizable characters in the video game industry and has been a cultural icon for generations. Since its debut on the Sega Genesis console, Sonic has sold over 150 million copies worldwide.making it one of the most successful video game franchises of all time.
Sonic’s success is largely due to his distinctive design, dynamic gameplay, and charismatic personality. The game is known for its platform style of gameplay where players control Sonic as he runs, jumps, and fight your way through levels full of obstacles and enemies. The series has also evolved over the years to incorporate elements of action, adventure, and other genres.