Report: Zynga's £1.44 billion Rovio bid rejected

Angry Birds
Zynga attempted to acquire Angry Birds this summer, according to the NYT

Angry Birds developer Rovio turned down a monumental acquisition bid of £1.44 billion from rival stable Zynga, according to a report in the New York Times.

The astounding offer is said to have been rebuffed this summer, after Zynga - whose titles include Farmville and Words With Friends - also failed to acquire the PopCap studio.

The NYT report says that Rovio "walked away from discussions of a deal worth roughly $2.25 billion in cash and stock," according to three people briefed on the situation.

With 400 million all-platform Angry Birds downloads, countless merchandising opportunities and a forthcoming movie, Rovio continues to grow in stature, but that is a big chunk of change to turn down.

Neither Rovio or Zynga has commented on the report.

Failed acquisitions

The NYT article focuses on worrying times for Zynga as it prepares to float on the stock exchange with an Initial Public Offering (IPO) in the coming weeks.

Staff burnout and dissatisfaction is apparently prominent at the company with some feeling that founder Mark Pincus is "over-reaching."

As well as the overtures made to Rovio the report also claims that Zynga was on the losing end of a battle for rival studio PopCap.

PopCap, the maker of Plants vs Zombies eventually ended up in the hands of Electronic Arts, who put together a $1.3 billion package, which topped Zynga's $950m bid.

Via: New York Times

Chris Smith

A technology journalist, writer and videographer of many magazines and websites including T3, Gadget Magazine and He specializes in applications for smartphones, tablets and handheld devices, with bylines also at The Guardian, WIRED, Trusted Reviews and Wareable. Chris is also the podcast host for The Liverpool Way. As well as tech and football, Chris is a pop-punk fan and enjoys the art of wrasslin'.