Angry Birds is still going strong. Its parent company, Rovio, earned $67.6 million on sales of $106.3 million last year, and the Finnish firm is now preparing itself (for real this time, apparently) for an IPO that could take place in New York or even Hong Kong, (where the Angry Birds game and plush toys sell like hot cakes).
With Facebook gearing up for its own megabucks floatation, Rovio has been caught up in the ongoing debate about funny money. Is it really worth the $9 billion that analysts have been predicting, just below the $10 billion market cap of its neighbour Nokia, the world’s second biggest handset maker?
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With Facebook gearing up for its own megabucks floatation, Rovio has been caught up in the ongoing debate about funny money. Is it really worth the $9 billion that analysts have been predicting, just below the $10 billion market cap of its neighbour Nokia, the world’s second biggest handset maker?
Read More
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