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Sega Sammy Holdings stated Monday it deliberate to amass Finland’s Rovio Leisure for €706 million ($776 million) to bolster its cellular gaming enterprise, sending Rovio shares hovering.
Sega Sammy will provide €9.25 for every share of the corporate behind the cellular recreation Indignant Birds, a 19% premium over Friday’s closing value, in its tender provide bid set to be launched round Could 8.
Following the announcement, Rovio shares rose as a lot as 18.8% in early commerce in Europe.
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