Playtika Offers $810 Million for Angry Birds Maker Rovio (1)

Playtika Holding Corp. offered to buy Rovio Entertainment Oyj, the maker of the Angry Birds mobile games, in a deal valuing the Finnish company at about €750 million ($810 million).

Playtika, a developer of free-to-play mobile games such as Bingo Blitz, said it bid €9.05 a share in cash for the Espoo, Finland-based company. While no previous offer had been published, Herzliya, Israel-based Playtika said it proposed on Nov. 16 to buy Rovio for €8.50 a share.

Rovio shares rose 34% to €7.60 at 10:05 a.m. in Helsinki. The nonbinding offer was 60% higher than Rovio’s market value ...