"We and our shareholders frequently assess completely different alternatives to additional develop Rovio," continued the statment. Finnish diversion company Rovio may launch Angry Birds on to the exchange, amid reports that Chinese net cluster Tencent is making ready a bid for the business.
Angry Birds was one amongst the primary hit games of the smartphone era, however Rovio struggled to sustain its success as customers enraptured aloof from paid-for apps to freemium games, that charged users for further tools. Tencent declined to comment.
Now Tencent is in talks to shop for fellow Finnish game maker Rovio diversion Oy for the maximum amount as $3 billion, the knowledge reported . TENCENT DEALS OVER THE PAST twelve MONTHS $19 billion
Tencent has done well with Supercell. I doubt Rovio might supply a similar chance. Then there is worth. The Tencent pool paid about ten times pretax profit (13 times post-tax profit) for Supercell. Rovio is that the opposite. supported a $3 billion tag and 2016 financials, Tencent would be paying 154 times earnings before interest and tax, or fourteen times revenue. Games Multiples
The company's outlook for this year is weighted toward current revenue from the Angry Birds pic. Overpaying, though, might truly flip Tencent shareholders into angry investors.
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