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Japan's Sega Sammy looks to buy 'Angry Birds' maker Rovio for $1 billion: report

Sega Sammy Holdings Inc.(6460.TO) is closing in on a deal to buy about $1 billion worth of "Angry Birds," according to the Wall Street Journal late Friday. The Japanese company, formed in a 2004 merger between Sega Corp. and Sammy Corp., is looking to acquire Finland-based Rovio Entertainment Oyj by as early as next week, if talks do not break down, the Journal reported, citing people close to the matter. Rovio ended the week with a market cap of 592.8 million euro, or $651.8 million.

-Wallace Witkowski

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04-14-23 1653ET

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