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August 12, 2011 / David Bleeker

‘Angry Birds’ developer negotiating with investor for $1.2B valuation

Rovio Entertainment, the creator of the popular “Angry Birds” game, is in talks with an interested investor to receive funding that would see the company valued at $1.2 billion, according to a new report.

People with knowledge of the discussions relayed the figure to Bloomberg, though they were unable name the entertainment company looking to make the investment. Sources said Rovio is considering the investment, despite the fact that it has, in the past, declined offers from larger institutional investors. [read more]

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