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Asia

Tencent Explores Acquisition of Angry Birds Maker Rovio

China’s Tencent is pursuing an acquisition of Rovio Entertainment, the Finnish maker of the Angry Birds game, according to people briefed on the situation. Such a deal would consolidate Tencent’s stranglehold on the gaming business.

Tencent is among several companies to approach Rovio about a possible purchase, one of the people said. Rovio is open to a deal although the Helsinki-based company might instead opt to stay independent and go public by the end of this year, the same person said. Rovio raised a $42 million series A round of financing in 2011. One person close to the situation said the price tag in any acquisition could be close to $3 billion, although an agreement is yet to be reached.


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