Angry Birds Maker Rovio Wants To Join Billion Dollar Club

Posted: Aug 12 2011, 2:50am CDT | by , in Technology News


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Angry Birds Maker Rovio wants to join Billion Dollar Club

Rovio rumored to seek investment at $1.2 Billion valuation.

By now I guess everyone with access to gadgets has played Angry Birds. The world-wide phenomen is possilby taking Rovio into the league of startups (e.g.: Airbnb, Square, Spotify,...) that are valued at a Billion or more. According to sources of Bloomberg, Rovio is seeking investment at a $1.2 Billion valuation.

Rovio, based in Finland, is supposed to take the investment to invade China with stuffed animals and clothing. One of the rumored investors is Disney. An Angry Birds theme ride is next?

I suggest though that Rovio takes some of the investment money and invent the next smash hit game. At some point the popularity of Angry Birds will fade.

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<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Manfred "Luigi" Lugmayr () is the founding Chief Editor of I4U News and brings over 25 years experience in the technology field to the ever evolving and exciting world of gadgets, tech and online shopping. He started I4U News back in 2000 and evolved it into vibrant technology news and tech and toy shopping hub.
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