Rovio Seeking Funding At $1.2B Valuation?
Bloomberg has a story on Rovio, the makers of Angry Birds, that they'd be looking for financing at $1.2B valuation. Bloomberg refers to two people familiar with the matter, but does not disclose who they are. What makes this financing talk a little more interesting (not that it would need to be at such valuation) is that Rovio is said to be in talks with a company in the entertainment business to take on a strategic investment. Similar offers have been rejected from large institutional investors Bloomberg's sources said.
Angry Birds Could Be The Next Mickey Mouse
Rovio is well on its way to stardom with Angry Birds. Business Insider reported last week that Rovio has sold more than 2 million toys already since October. In mere five months, the company has essentially generated at least 20 million euros worth of revenue through its toys (if we hypothetically agree on a 10€ average price per toy sold - they actually sell for $11.99 and $14.99). Plush toys are just one source of revenue for the company, other major sources include iOS apps, advertising on the Android platform as well as the Mighty Eagle add on.
Disney Acquires Finnish Rocket Pack
Disney's Matthew Grossman has confirmed to Finnish daily newspaper Helsingin Sanomat that they have acquired the Finnish gaming company Rocket Pack. There was no confirmation or disclosure of any other details of the deal. First rumours of this began to surface last night on Twitter, but they were hard to confirm. The company was acquired relatively quickly, just a year from its founding.
Angry Birds - Taking Over The World
People with iPhones may have bumped into a game called Angry Birds. Why am I so sure about this? Well, Angry Birds have reached the #1 position of Paid Apps in tens of different countries. 61 to be exact. That's a figure that hardly should go unnoticed. Their most recent measure of triumph is from the MacWorld Awards, where they won first place for the Best iPhone Entertainment & Lifestyle App. Angry Birds has been created by Rovio, a Finnish startup.
