Rovio Entertainment, the Finnish mobile games developer behind 'Angry Birds', is reportedly considering an IPO. Chinese internet giant Tencent is also contemplating a $3 billion takeover offer for the company, according to The Information. Rovio has returned to profitability after faltering in recent years, posting €17.5 million in EBIT during 2016 after a €21.1 million loss the year before.
Rovio is VC-backed, having raised $42 million in 2011 from Atomico, Accel and Felicis Ventures. A deal with Tencent would buck the trend of M&A deals conducted by Chinese investors in Europe growing less frequent so far this year. Tencent has been active in the space before, however, buying a majority stake in Supercell—another Finland-based maker of mobile games—last year in a deal valued at $10.2 billion.
Want to know more about Rovio and its financial backing? Check out the startup's free profile.