Rovio Turned Down $2.25 Billion Offer From Zynga

Posted Nov 29, 2011

Social gaming company Zynga had made buy-out offers to mobile gaming companies PopCap and Rovio. Both companies turned down their respective buy-out offers. PopCap, developer of Plants vs. Zombies and Peggle, turned down $1 billion from Zynga. Rovio, developed of the Angry Birds franchise, turned down a $2.25 billion offer from Zynga. Zynga’s corporate culture was cited as one of the major reasons why the two companies turned down the offer. It is also believed that Zynga did not want to pay the amount that Rovio wanted. PopCap Games ended up being acquired by Electronic Arts. It is believed that PopCap took EA’s offer because their earn-out terms were simpler to meet. Zynga is expected to go public very soon. [BusinessInsider]