April 15 (Reuters) – Rovio Leisure (ROVIO.HE), the corporate behind the cell recreation Indignant Birds, confirmed on Saturday that it’s in talks with Japan’s Sega Sammy Holdings Inc (6460.T) over a attainable tender provide.
Rovio introduced the beginning of a strategic assessment and preliminary non-binding discussions concerning a possible tender provide for its shares in February, a press release from the group stated.
“As a part of its strategic assessment, Rovio Leisure Company confirms that it’s in discussions with Sega Sammy Holdings Inc,” it stated. “Rovio and Sega will launch additional info at an applicable time.”
The assertion comes after the Wall Road Journal on Friday reported that Sega is nearing a deal to amass Rovio for about $1 billion.
Rovio declined to touch upon the valuation. As of Friday’s shut its market capitalization stood at 594.1 million euros ($653.5 million), in accordance with Refinitiv Eikon knowledge.
The corporate added within the assertion that there “is not any certainty as to when the attainable tender provide would happen, or whether or not it could happen in any respect”.
Sega didn’t instantly reply to a Reuters request for remark.
Rovio acquired a 683 million euro takeover bid in January from Israeli peer Playtika Holding Corp (8II.F), however the talks have been referred to as off final month.
($1 = 0.9091 euros)
Reporting by Anirudh Saligrama in Bengaluru; Enhancing by Jan Harvey
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