Investors Bet On Angry Birds

Investors are making a high-risk bet that Angry Birds is the next big thing, a game that can expand beyond its smartphones origins.
Rovio, the Finnish developer behind Angry Birds, has just raised $42m from prominent investors. Rovio recently announced a commercial tie-in with 20th Century Fox on Rio, an animated film about birds. The developer will also launch Angry Birds on Facebook in May 2011.

To know more about what is happening in the mobile platforms and applications, consider visiting the ArabNet 2011 Shift Digital Summit, from March 22-25, in Beirut-Lebanon, which will draw over 1,000 attendees and 80 speakers from around the world. It will include a Developer Day (March 22), Two Forum Days (March 23 & 24), and a Community Day (March 25).