Printed from http://www.electronista.com

Angry Birds maker Rovio eyeing 2013 IPO

updated 08:15 pm EDT, Mon May 7, 2012

Angry Birds creator may get $9 billion valuation

Rovio Entertainment, fresh off of announcing phenomenal sales for the latest installment of its Angry Birds series, is reportedly looking to go public. The Finnish video game developer is in the process of preparing for an initial public offering in 2013, Reuters reports. Analysts peg the value of the company at up to $9 billion.

Founded in 2003, Rovio's fortunes greatly improved with the release of Angry Birds for the iPhone. The bird-slingshotting physics simulator series has gone on since then to be downloaded more than 800 million times, and had 200 million monthly users at the end of 2011. In addition to the games, Rovio has been aggressively licensing its brand, and the Angry Birds characters now appear on toys and playgrounds, with an animated movie coming soon.

For 2011, Rovio reported $48 million in profit before tax, with a 64 percent margin. The company has moved to bring its most popular game to just about every platform it can -- except Windows Phone 7 --and recently released the series for the BlackBerry PlayBook.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Comments are closed.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

IDrive cloud backup and sync service

There are a lot of cloud services out there, and nearly all of them can be used for backing up key files and folders. A few dedicated ...

Asus Chromebook C300

When Chromebooks hit the market back in 2011, consumers didn't know what to do with them. The low-cost laptops, powered by Google's Ch ...

Plantronics BackBeat Pro Bluetooth headphones

Looking for a pair of headphones that can do everything a user requires is a task that can take some study. Trying to decide on in-ear ...

Sponsor

toggle

Most Commented

 
toggle

Popular News