Rovio to enter preliminary non-binding discussions with Israeli studio

The board decided to enter preliminary non-binding discussions with certain parties, including Playtika Holdings, a game studio in Israel, as part of the review. The offer represented a roughly 60 per cent premium on the share value at the time of issue. In November 2022, the Israeli company had made an unveiled offer of 8.50 euros per share for the studio.

There is no assurance that the strategic review and the preliminary non-binding discussions will result in any cash or other transaction, or the pricing of any such possible transaction, according to the press release released by Rovio on Monday. Rovio will release more information at an appropriate time. After the announcement, shares in Rovio increased by around 14.5 per cent.