Sega Admits Acquisition of Angry Birds Maker Rovio Hasn't Worked as Planned, Blames 'Rapidly Changing' and Competitive Mobile Market

Sega has written off $200 million of its $776 million acquisition of Angry Birds maker, Rovio, stating the "profitability of [the mobile] business had fallen below the initial forecast" — corporate speak for, 'this hasn't made us as much money as we thought it would.'