Sega’s Acquisition of Angry Birds Maker Rovio Helps Boost Profits by 181.5%

Sega, the Japanese video game company, made headlines recently with its acquisition of Rovio Entertainment, the maker of the popular Angry Birds mobile game. The move has proven to be a lucrative one for Sega, as the company’s profits have soared by an impressive 181.5% since the acquisition.

The Acquisition

Sega acquired Rovio in a blockbuster deal worth billions of dollars. The acquisition was seen as a strategic move by Sega to expand its presence in the mobile gaming market and capitalize on the popularity of the Angry Birds franchise.

Impact on Profits

Since the acquisition, Sega has seen a significant boost in its profits. The company’s quarterly earnings report shows a staggering 181.5% increase in profits compared to the same period last year. This increase is largely attributed to the success of the Angry Birds franchise, which has continued to be a top-grossing mobile game.

Market Response

The market response to Sega’s acquisition of Rovio has been overwhelmingly positive. Investors have shown confidence in the company’s ability to capitalize on the popularity of the Angry Birds franchise and expand its presence in the mobile gaming market. Sega’s stock price has also seen a significant increase since the acquisition was announced.

Conclusion

Sega’s acquisition of Rovio has proven to be a lucrative move for the company, with profits soaring by 181.5% since the acquisition. The success of the Angry Birds franchise has played a significant role in this increase and has positioned Sega as a major player in the mobile gaming market. The market response to the acquisition has been positive, with investors showing confidence in Sega’s ability to capitalize on the popularity of the Angry Birds franchise.

FAQs

What was the main reason behind Sega’s acquisition of Rovio?

Sega’s acquisition of Rovio was driven by a strategic move to expand its presence in the mobile gaming market and capitalize on the popularity of the Angry Birds franchise.

How has the acquisition impacted Sega’s profits?

Since the acquisition, Sega has seen a significant increase in profits, with a 181.5% rise compared to the same period last year. This increase is largely attributed to the success of the Angry Birds franchise.

How has the market responded to Sega’s acquisition of Rovio?

The market response to Sega’s acquisition of Rovio has been positive, with investors showing confidence in the company’s ability to capitalize on the popularity of the Angry Birds franchise. Sega’s stock price has also seen a significant increase since the acquisition was announced.