Deals
Rovio Sells Animation Unit to Startup Led by Ex-CEO
LONDON, ENGLAND - APRIL 26: Angry Birds Red, Chuck and Bomb are unveiled at Regent's Park to celebrate their involvement in the Madame Tussauds' very first digital experience including key moments from 'The Angry Birds Movie' in a 3D landscape on April 26, 2016 in London, England.
Photographer: Eamonn M. McCormack/Getty ImagesThis article is for subscribers only.
Rovio Entertainment Oy, maker of the Angry Birds mobile games and movie, sold parts of its business to Kaiken Entertainment, a startup led by former Chief Executive Officer Mikael Hed and other company veterans.
Kaiken purchased Rovio’s TV animation studio in Vancouver, the company’s book publishing business and certain non-Angry Birds properties, according to a website statement Tuesday. Financial terms weren’t given.