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Rovio rejected $2.25 billion acquisition offer by Zynga

Zynga tried to acquire Rovio for $2.25 billion but were rejected

| Business, Financial & Legal News | Posted: Nov 29, 2011 7:27 am

Rovio, the team behind the phenomenally successful Angry Birds, allegedly rejected a $2.25 billion acquisition offer from Zynga over the summer. The news comes from a New York Times piece of how Zynga's tough corporate culture may gush talent as soon as unhappy employees with stock make some money on the IPO.

 

TweakTown image news/2/1/21730_8_rovio_rejected_2_25_billion_acquisition_offer_by_zynga.jpg

 

Zynga also reportedly lost out on acquiring PopCap Games also, which it tried to wave a sweet billion dollars under the noses of the company. In the end, Electronic Arts took PopCap under their wing for just $750 million with performance bonuses.

 

For Zynga to offer PopCap games more money, and still lose out, it says a lot about their employee perception problem. I do like what Joystiq had to say with "At least Zynga execs can dry their tears with thousand dollar bills." Sums it up nicely.

NEWS SOURCE
Joystiq.com

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