Sep 5, 2017

Angry Birds maker preps IPO

Rovio, the Finnish mobile games company responsible for the Angry Birds franchise, said today that it is planning an IPO in Helsinki. The float is expected to include around €30 million worth of stock sold by Rovio, while the remainder would come from outside shareholders like majority backer Kaj Hed. There had been a report earlier this summer that Tencent was considering a $3 billion takeover of Rovio, although CEO Kati Levoranta tells the FT that there is no active sale process.

  • Why it matters: Rovio has been the subject of IPO rumors for years, but this is the first time that the company itself has announced plans.
  • Bottom line: There are still giant longevity questions about Rovio, which really does still remain a one-hit wonder (albeit a hit that was translated from mobile game to big-screen box office smash). If it can go public, then don't be surprised to see the company use its new public currency to snap up smaller rivals within the fragmented mobile gaming market.

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Coronavirus cases rise, as more Americans on cruise confirmed ill

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's NHC; Note: China refers to mainland China and the Diamond Princess is the cruise ship offshore Yokohama, Japan. Map: Danielle Alberti/Axios

A U.S. public health official confirms more than 40 Americans on the Diamond Princess cruise ship off Japan have coronavirus, while the remaining U.S. citizens without symptoms are being evacuated.

The big picture: COVID-19 has now killed at least 1,770 people and infected almost 70,000 others. Most cases and all but five of the deaths have occurred in mainland China. Taiwan confirmed its first death on Sunday, per multiple reports, in a 61-year-old man with underlying health conditions. Health officials were investigating how he became ill.

Go deeperArrowUpdated 2 hours ago - Health

Scoop: Inside the Trump campaign's big hedge on Facebook

Illustration: Eniola Odetunde/Axios

The Trump campaign has invested most of its advertising budget to date on Facebook, testing thousands of versions of ads per day to maximize its spending.

But behind the scenes, a source familiar with the campaign tells Axios, the thinking has shifted: "As everyone can see, we still have strong spending on Facebook, but the percentage of our total media budget [on Facebook] is shrinking."

Trump's revenge tour has the House in its sights

Illustration: Aïda Amer/Axios. Photo: Saul Loeb/Getty Contributor

In the lead-up to the 2018 midterm elections — buoyed by Republican control of both chambers — President Trump viewed campaigning for the House as a lower-tier priority and instead poured his energy into rallying for the Senate.

But after the GOP reckoning in 2018, and experiencing firsthand how damaging a Democratic-led House has been to him, Trump is now personally invested in helping Republicans regain the majority in November, several people familiar with his thinking tell Axios.