What’s next for ‘Angry Birds’ maker Rovio? Potentially an IPO

Rovio is expected to go public in the next two weeks

rovio ipo acquisition the angry birds movie 1
It’s been six years since we first told you about the plans that Rovio, the maker of Angry Birds, had to go public, but now it seems as though action is on the horizon. A report from The Information in June indicated that the Finnish game maker and animation studio “could list on the stock exchange in the future.” And now, that rumor has proven true, as reports note that Rovio is set to launch an IPO on the Helsinki Nasdaq in two weeks, but the end of September.

Although The Information initially reported that Tencent could be considering a bid of up to $3 billion for Rovio, that doesn’t look to be the current strategy. Of course, it would’ve made sense — over the course of the last year, Tencent has made a number of acquisitions totaling a cool $19 billion, and its new holdings include companies like Supercell Oy, yet another Finnish game creator which created the Clash of Clans franchise.

And while Rovio is a lot less prolific, Angry Birds has done remarkably well. After all, the game not only has worldwide appeal, but has also inspired a whole line of paraphernalia, and even a movie. As such, the IPO looks to value the company at around $1 billion.

While that’s half the original $2 billion price the company was hoping for, Rovio has fallen upon tougher times lately. Last year was the first time in quite some time that the company made a profit, thanks to the success of the Angry Birds movie, which seemed in turn to improve game sales. But prior to that, earnings at Rovio had taken a tumble, jobs were cut, and divestments were made.

Rovio was initially coy about the potential for an IPO. “We and our shareholders regularly assess different alternatives to further develop Rovio,” the company said in an emailed statement back in June to Reuters. “A stock exchange listing at some point in the future could be possible in order to support the continued strong growth of Rovio and its strategic targets. However, Rovio and its owners have not made any decisions regarding a possible IPO.”

That tune has clearly changed, however, so if you’re not risk adverse these days, there may soon be a new startup for you to invest in.

Update: Rovio is slated to launch its IPO in the next two weeks. 


Which smartphone manufacturers won and lost in 2018

As the curtain comes down on 2018, we take a look at the big successes and failures in the smartphone market over the last 12 months. Which phone maker had the best year, and who had a year to forget?

Mining cryptocurrency for Razer Silver isn’t worth your computing power

Gaming peripheral maker Razer launched a cryptocurrency mining scheme called SoftMiner. You use its software to mine and in return, you get Razer Silver which you can use to buy Razer gear.
Movies & TV

Pedro Pascal officially cast as 'The Mandalorian' as Disney show fills out cast

The Mandalorian, Jon Favreau's live-action Star Wars series planned for Disney's streaming video service, will be one of the most expensive television shows ever made. Here's everything we know about it so far.

These are the best video games you shouldn't leave 2018 without

Developers showed up with a number of amazing games this year. Each capitalized on something unique but there's always one that outdoes them all. Here are our picks for the best video games of 2018 and game of the year.

Sharing your best gameplay moments is quick and easy on the Xbox One

The current generation of consoles make it easier than ever to share your gaming highlights with the world. Here's a quick guide on how you can record a gameplay video on Xbox One.

‘Kingdom Hearts III’ out in the wild, director asks for support to stop spoilers

Kingdom Hearts III has been leaked, with several copies of the game out in the wild. The game's director, Tetsuya Nomura, responded to the situation, calling for help from gamers to stop spoilers from spreading online.

The history of Battle Royale: From mod to worldwide phenomenon

Battle royale games like PlayerUnknown's Battlegrounds’ and Fortnite have become the biggest trend in video games. The genre is also pushing the envelope in streaming and eSports in a way that might hint at the future of the industry.

The DualShock 4 is one of the best controllers ever, and you can use it with a PC

Sony's new DualShock 4 controller has become a fan favorite, and some people want to use it with a PC. Here's how to connect your DualShock 4 and start using it, either with an official adapter, or unofficial software.

Project Stream testers get to keep a free copy of ‘Assassin’s Creed Odyssey’

Those who participated in Google's technical test of Project Stream won't be able to access the service to play Assassin's Creed Odyssey after January 15, but they'll get to keep the game on PC anyway.

Newest ‘Destiny 2’ raid already completed by two-person team

The latest raid in Destiny 2: Forsaken is Scourge of the Past, and a two-person team has already managed to complete it. The task took 15 hours of trial-and-error effort before the duo managed to take down the final boss.

The 25 best SNES games

The Super Nintendo Entertainment System might be the greatest game console ever made, but what are the best titles for the system? Here are our picks for the best SNES games, including A Link to the Past and Chrono Trigger.

Need a discounted Xbox bundle by Christmas? Walmart has you covered

Black Friday and Cyber Monday have both come and gone, but you can still save some cash on a new Xbox One bundle at Walmart. Both the Xbox One S and the Xbox One X are on sale now.

With our Steam guide, you can give the gift of gaming this holiday season

The holidays may have passed, but it's always a good time to give the gift of gaming (especially when there's a Steam sale)! Here's our quick guide on how to give a Steam game as a gift.

‘Fortnite’ update 7.10 brings a rotating selection of modes big and small

The latest update for Fortnite introduces 14 Days of Fortnite, an event that brings back large and small battle royale modes as well as brand new ones to enjoy during the holiday season.