Rumor: Angry Birds' Creator to Get $1.2 Billion Valuation?

Posted on August 14, 2011 by
Rumor: Angry Birds' Creator to Get $1.2 Billion Valuation?

Rovio Entertainment, the makers of Angry Birds is apparently in talks to get funding that would cause the company's valuation to be approximately $1.2 billion, according to Bloomberg.

The money they would receive may go towards expanding the franchise further into a movie and expand into the Chinese market.

The speculated potential investors are Electronic Arts, Zynga, News Corp, or Walt Disney Co. according to Michael Pachter, managing director of research at Wedbush Securities Inc.

Source: Bloomberg