Sega Set to Acquire Angry Birds Creator Rovio for $776 Million

Sega has agreed to purchase Finnish game developer Rovio Entertainment, known for creating the Angry Birds mobile game franchise, for $776 million
The deal would give Sega control of one of the world's most successful mobile game franchises and help the company expand into the fast-growing mobile gaming sector
Rovio's board of directors has unanimously approved the offer, and the two companies expect the deal to close between July and September of this year
The purchase is the latest example of consolidation in the video game industry as large companies look to gain expertise in the booming mobile gaming market
Rovio is best known for creating the Angry Birds series, but has sought to diversify beyond the franchise in recent years with mixed success