Angry Birds maker Rovio gets $1.2 billion fundingAugust 13, 2011 - 11:41 AMT PanARMENIAN.Net - Rovio, the maker of Angry Birds, is set to receive funding that would give the company a $1.2 billion valuation. According to Mashable, Rovio is considering taking the funding from a “company in the entertainment business.” Rovio rejected similar offers from other investors. Michael Pachter, managing director of research at Wedbush Securities, speculates in the article that the investors may be Electronic Arts, Zynga, News Corp. or the Walt Disney Co. The latest round of funding follows a $42 million round in Series A investment from venture capital firms Accel Partners and Atomico Ventures in March. Though Rovio seems to be a one-trick pony, it is fully exploiting Angry Birds’s potential. A movie and TV show are on the way. Just recently, a line of baby clothes hit the scene, and the game itself was one of the first to show up on Google+. Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | Armenian, Azerbaijani heads of parliament meet in Switzerland President of the Armenian parliament Alen Simonyan met with the Speaker of the Azerbaijani Milli Majlis Sahiba Gafarova. Border residents overnight on highway to protest Armenia’s Residents of Kirants continue to express outrage over the government’s decision to cede land to Azerbaijan. Get Started: An educational platform for young startuppers The Get Started program which operates in two phases is an important platform for young startuppers. Byblos Bank Armenia celebrates Students' Day with scholarship recipients YSU students who received scholarships from Byblos Bank Armenia gathered in a casual setting to meet with the Bank's CEO, Hayk Stepanyan. |