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Monday, August 15, 2011

Rumor: Rovio to Receive $1.2 Billion in Funding

8:48 PM

Simranpal SIngh

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Angry Birds or its creator Rovio Entertainment, and today is no exception. Rumor has it that the Finnish game company is in talks with an unknown investor to receive funding in the realm of $1.2 billion. Possibilities regarding the investors include Electronic Arts, Zyngia, and Walt Disney, all of which stand to gain from a collaboration with Rovio. Rovio themselves could use the money for a planned movie adaptation of Angry Birds, pushing its offices out beyond Finland, or creating toys and other products to capitalize on its already existing popularity. Of course, there are other things to spend a large amount of money on.