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Japan-based Sega Sammy Holdings intends to purchase Rovio by the end of September 2023 for US$776 million, making the latter company a wholly owned subsidiary of Sega. The company's success has helped to establish Finland as a leading player in the mobile game industry and has helped to create a thriving ecosystem for game development in the country. The company currently operates studios in Espoo, Stockholm, Copenhagen and Montreal.
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Founded in 2003 by Helsinki University of Technology students Niklas Hed, Jarno Väkeväinen and Kim Dikert, the company is best known for the Angry Birds franchise. Rovio Entertainment Oyj (formerly Relude Oy and Rovio Mobile Oy and doing business internationally as the Rovio Entertainment Corporation) is a Finnish video game developer based in Espoo.