Monday, June 25, 2012

Angry Birds Creator, Rovio, Considering Investing in Russian Start-Ups


Rovio, the creator of mobile gaming hit Angry Birds, is considering investing in Russian start-ups in a bid to diversify by buying into projects around the world. The Finnish developer’s founder Peter Vesterbaka says,"we have already found some interesting projects for investment in Russia though we cannot disclose what they are so far.” Experts in the industry say there are plenty of young talented developers in Russia, but investors are often driven away by Russia's imperfect legislation and piracy control.  According to Alex Patsai, head of Mail.Ru Games for mobiles, the Russian mobile games market is still developing and far from saturation. “Rovio is an attractive brand, but to succeed on the Russian market, it’s essential to know its specifics – something foreign companies cannot boast," says Patsai.
http://rt.com/business/news/rovio-hit-angry-birds-speads-its-wings-over-the-russian-market-648/

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