Angry Birds maker Rovio gets $1.2 billion funding

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+.