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Rovio worth 1.2 Billion?

> Rovio Entertainment, the created of the popular “Angry Birds” game, is in talks with an interested investor to receive funding that would see the company valued at $1.2 billion, according to a new report.
via [appleinsider.com](http://www.appleinsider.com/articles/11/08/11/angry_birds_developer_negotiating_with_investor_for_1_2_billion_valuation.html)
I love Angry Birds as much as the next guy, but anyone who doesn’t see this as an obvious sign that another bubble is about to burst here in the Silicon Valley Tech world is crazy.

After all, what has Rovio done SINCE Angry Birds? More and more Angry Birds. No new ideas. No second hit game. All that money, simply reinvested into more marketing, more ways to milk the same product.

They are a company without new ideas. And they’re looking to others for money, despite their incredible revenues.

I thought a company’s worth, whether or not it would make a good investment, was a reflection of the company’s potential for FUTURE greatness. I’m not seeing that from Rovio at this point. Unless they have some other brilliant new game up their sleeve that no one knows about, and it’s costing them a ton of money to develop.

I think it more likely that they have no new good idea, so they’re making a push to sell off what’s left of their one hit. One last big cash in.

But what do I know?