Angry Birds executive says company worth billions: Report

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.

read more at http://economictimes.indiatimes.com/news/international-business/angry-bi...

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