HomeAcquisitionsAngry Birds creator Rovio acquires Finnish animation studio Kombo

Angry Birds creator Rovio acquires Finnish animation studio Kombo

Rovio, the Espoo-based developer of the famous Angry Birds game, yesterday announced the acquisition of a Finnish animation studio named Kombo (Update – January 2023: The startup seems to be no longer in business and we therefore deactivated the link).

The concrete terms of the deal are yet undisclosed, but it has been announced that Rovio acquired Kombo with a mixture of cash and stock. From now on Kombo will focus its production efforts entirely on Rovio properties.

The acquisition of the Helsinki-based studio strengthens Rovio’s animation production capabilities, with the long-term goal of creating a world class powerhouse in animated entertainment. As Rovio raised $42 million in Series A funding last month, the Finnish media company can easily afford strategic purchases like this one.

Mikael Hed, the CEO of Rovio, stated: “This acquisition is an important step in the execution of our media strategy. The attitude, creativity and quality of Kombo’s work is simply fantastic, and we look forward to delighting our fans with more Kombo animations.”

By the way: If you’d like to stay up-to-date with acquisitions, funding and other interesting opportunities, make sure to subscribe to our free weekly EU-Startups Newsletter!

- Advertisement -
Thomas Ohr
Thomas Ohr
Thomas Ohr is the "Editor in Chief" of EU-Startups.com and started the blog in October 2010. He is excited about Europe's future, passionate about new business ideas and lives in Barcelona (Spain).


Comments are closed.

Most Popular