Rovio Entertainment has acquired Darkfire Games - Copenhagen based mobile games studio

Rovio Entertainment Corporation                          Press Release

Rovio Entertainment has acquired Darkfire Games - Copenhagen based mobile games studio

June 3, 2020 - Espoo - Rovio Entertainment Corp. has acquired a free-to-play (F2P) mobile games studio Darkfire Games (formerly Wargaming Denmark), focused on Role Playing Games (RPG). Rovio acquired all of the outstanding shares of Darkfire Games for an undisclosed sum on June 3, 2020, and the wholly-owned Rovio subsidiary will become Rovio Copenhagen.

Rovio Copenhagen will continue to operate as an independent studio focusing on mobile RPGs. At present, the studio comprises 20 gaming industry veterans with vast expertise in making RPGs. As part of the acquisition, Rovio takes on the studio’s currently soft-launched mobile RPG, Darkfire Heroes. The game’s development will continue in Copenhagen, with Rovio providing synergies and support for the studio in central functions and areas such as user acquisition, technology, analytics and live operations.  

"We are very excited to have Darkfire Games joining Rovio’s network of game studios," says Kati Levoranta, CEO of Rovio. "This strengthens our game genre mastery and expansion to Mid-Core games, where we see attractive opportunities in RPG’s. In addition, there is a great strategic and cultural fit for both teams. The talented team in Copenhagen will be a fantastic addition to Rovio’s already highly skilled flock.”

The studio will continue to be led by Rune Vendler. Rune has an extensive career in mobile gaming and he has previously worked at companies such as Lionhead Studios, Hapti.co, IO Interactive and Wargaming.

"We are excited and proud to be joining Rovio, a company that shares our ambitions for high quality and innovative games," says Rune Vendler, Head of Copenhagen studio. "We’re looking forward to becoming part of the company that created a mobile game phenomenon in 2009 and has since grown to be one of the leaders in mobile gaming. We are also excited that we will be able to leverage Rovio’s vast skills and expertise to create fantastic RPG games.”

  
Kati Levoranta
CEO of Rovio Entertainment Corp.

More information, please contact:
Veli-Pekka Puolakanaho, IR Director
RovioIR@rovio.com
+358 40 485 8985
https://investors.rovio.com/en

About Rovio
Rovio Entertainment Corporation is a global, games-first entertainment company that creates, develops and publishes mobile games, which have been downloaded 4.5 billion times so far. Rovio is best known for the global Angry Birds brand, which started as a popular mobile game in 2009, and has since evolved from games to various entertainment and consumer products in brand licensing. Today, Rovio offers multiple mobile games, animations and has produced The Angry Birds Movie, which opened number one in theatres in 50 countries. Its sequel, The Angry Birds Movie 2, was released worldwide in August 2019. Rovio is headquartered in Finland and the company's shares are listed on the main list of Nasdaq Helsinki stock exchange with the trading code ROVIO. (www.rovio.com)