Pakistanis angry over detentions in Times Sq. case Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They
AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e
BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German
Minister seeks closure of anti-Berlusconi websites Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who
By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an
Edition:
U.S.
Africa
Arabic
Argentina
Brazil
Canada
China
France
Germany
India
Italy
Japan
Latin America
Mexico
Russia
Spain
United Kingdom
Home
Business
Business Home
Economy
Technology
Media
Small Business
Green Business
Legal
Deals
Earnings
Summits
Business Video
Markets
Markets Home
U.S. Markets
European Markets
Asian Markets
Global Market Data
Indices
M&A
Stocks
Bonds
Currencies
Commodities
Futures
Funds
peHUB
World
World Home
U.S.
Brazil
China
Euro Zone
Japan
Mexico
Russia
Afghan Journal
Africa Journal
India Insight
Global News Journal
Pakistan: Now or Never?
World Video
Politics
Politics Home
Front Row Washington
Politics Video
Technology
Technology Home
MediaFile
Science
Tech Video
Opinion
Opinion Home
Chrystia Freeland
Felix Salmon
Breakingviews
George Chen
Bernd Debusmann
Gregg Easterbrook
James Pethokoukis
James Saft
John Wasik
Christopher Whalen
Ian Bremmer
Mohamed El-Erian
Lawrence Summers
The Great Debate
Unstructured Finance
Newsmaker
MuniLand
Money
Money Home
Analyst Research
Global Investing
MuniLand
Reuters Money
Alerts
Watchlist
Portfolio
Stock Screener
Fund Screener
Personal Finance Video
Life & Culture
Health
Sports
Arts
Faithworld
Business Traveler
Left Field
Entertainment
Oddly Enough
Lifestyle Video
Pictures
Pictures Home
Reuters Photographers
Full Focus
Video
Article
Comments (0)
Editor's Choice
New label to help people pick health insurance
U.S. sees growing losses from extreme weather
AT&T sues those seeking to block T-Mobile deal
Stem cell team seess spare heart parts in 5 years
Book Talk: Bergin exposes spin behind BP spill
Nokia CEO says "watch out" to Android makers
Study finds sniffer dogs can smell out lung cancer
Arab Spring eyes rebirth for Mideast science
MediaFile: Proof of News Corp coverup mounts
Video: A new solution for chronic back pain?
Slideshow: 370-mile protest
Follow Reuters
Facebook
Twitter
RSS
YouTube
Read
Peyton Manning is highest paid player in NFL: report
17 Aug 2011
Beaten-down Wall Street slammed by recession fears
|
4:54pm EDT
Militant makes death threat against David Letterman
17 Aug 2011
Andy Dick calls Howard Stern a "money-grubbing Jew"
17 Aug 2011
Mosquito resistance to bednets fuels malaria worries
9:45am EDT
Discussed
237
UPDATE 3-White House denounces Perry as Republicans target Fed
204
Appeals court rules against Obama healthcare law
177
Stop coddling the super-rich: Buffett
Watched
KISS booted from Jackson concert, "Housewives" husband found dead
Tue, Aug 16 2011
Protesters clash with Spanish police
Wed, Aug 17 2011
Japan quake damaged sea bed
8:27am EDT
Angry Birds exec says company worth billions: report
Tweet
Share this
Email
Print
Related News
Google makes bold bid for Motorola Mobility
Tue, Aug 16 2011
Google to buy Motorola Mobility in biggest deal ever
Mon, Aug 15 2011
Special report: The "shorts" who popped a China bubble
Fri, Aug 5 2011
LinkedIn follows up IPO with strong 2011 outlook
Thu, Aug 4 2011
Zynga partners Tencent to debut first mainland China game
Tue, Jul 26 2011
Analysis & Opinion
Over-reaction to BP Gulf spill costing U.S. jobs
HTML5 buzz weakens the power of mobile apps
Related Topics
Technology »
Deals »
Global Deals Review: 2011 Q2 »
Global Deals Review »
Small Business »
Inflows Outflows »
Steve Jobs »
Actress Lisa Kudrow announces that the game Angry Birds has won Best Mobile Game award at the 15th annual Webby Awards in New York June 13, 2011.
Credit: Reuters/Lucas Jackson
HELSINKI |
Thu Aug 18, 2011 1:29pm EDT
HELSINKI (Reuters) - An executive of Rovio, developer of the mobile game Angry Birds popular among users of Apple Inc's iPhone, said the company was worth several billion dollars, according to Finnish magazine Kauppalehti Optio.
Rovio Chief Marketing Officer Peter Vesterbacka told the magazine that a valuation of between $700 million and $1 billion, given in a Forbes report in July, was too low.
The company should instead be worth several billion dollars, he was quoted as saying, noting Facebook games company Zynga was estimated to be worth between $20 billion and $25 billion.
"We are not selling though -- unless somebody offers enough," Vesterbacka was quoted saying in the interview published on Thursday.
Sky-high valuations of Internet-related and other technology stocks have come into focus particularly since the flotation of LinkedIn Corp, whose strong first-day premium helped spark talk of a repeat of the tech-stock bubble which burst in early 2000.
Rovio's chief executive told Reuters earlier this year that the company was aiming for a stock market listing in New York in two to three years.
The company has raised $42 million from venture capital firms Accel Partners, Atomico Ventures -- the firm started by Skype co-founder Niklas Zennstroem -- and Felicis Ventures.
(Reporting by Helsinki Newsroom; Editing by David Holmes)
Technology
Deals
Global Deals Review: 2011 Q2
Global Deals Review
Small Business
Inflows Outflows
Steve Jobs
Related Quotes and News
Company
Price
Related News
Tweet this
Link this
Share this
Digg this
Email
Reprints
We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
Comments (0)
Be the first to comment on reuters.com.
Add yours using the box above.
Social Stream (What's this?)
Edition:
U.S.
Africa
Arabic
Argentina
Brazil
Canada
China
France
Germany
India
Italy
Japan
Latin America
Mexico
Russia
Spain
United Kingdom
Back to top
Reuters.com
Business
Markets
World
Politics
Technology
Opinion
Money
Pictures
Videos
Site Index
Mobile
Legal
Bankruptcy Law
California Legal
New York Legal
Securities Law
Support & Contact
Contact Us
Advertise With Us
Connect with Reuters
Twitter
Facebook
LinkedIn
RSS
About
Privacy Policy
Terms of Use
Our Flagship financial information platform incorporating Reuters Insider
An ultra-low latency infrastructure for electronic trading and data distribution
A connected approach to governance, risk and compliance
Our next generation legal research platform
Our global tax workstation
Thomsonreuters.com
About Thomson Reuters
Investor Relations
Careers
Contact Us
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.