rovio entertainment could value the company as much as $2 billion.s of zynga, which stumbled in its road to the public market, despite having produced a game that became a cultural phenomenon. does the same fate await rovio? joining us is alex barinka out of new york. know it wasn't smooth sailing. is rodeo going to have better luck -- rovio going to have better luck? ng all of itsetti revenue on angry birds. the game came out seven years ago. the company needs to show it can find growth after this new strategy that it has implemented of massive cost cuts. you have seen the financials improve. you can see the documents in the last quarter, reporting 94% revenue growth to 86 million euros. that is following up another quarter of growth. revenue is growing. do with that has to their selling strategy, they have shifted into getting people to pay in-app. >> talk to us about what we know about the financials. >> the company is improving. 86 million euros in revenue in the last quarter. million, u.s. they followed angry birds with angry birds two in 2010.

. >>> angry birds maker rovio is planning an ipo.he finnish mobile gamesmaker will list in helsinki. following years of falling earnings and jobs cuts, the company returned to profit in 2016 following the angry birds 3-d movie and game sales rovya sae dposh gosh, it's intense that video we're play >> you never played it >> no. >> it's very addictive >> it's not making me want tofrmt. >> itthe publisher of the "chicg tribune" is buying the iconic daily news no cash is changing hands, but tronc agreed to assume all operating cost and debt and will acquire the printing press in new jersey the daily news was once the nation's largest circulating newspaper but has faded as readers shift online >>> hb fuller is buying its smaller rival royal adhesives and sealants from a private equity firm for nearly 1.6 billion. fuller expects the deal boost revenue by about 25% we're seeing that up almost a full percentage point. >>> blackstone has cancelled a 3 $3 billion sale of several australian shopping malls after failing to find a buyer. the comp

. >>> rovio has set the price range for its upcoming $1 billion ipo.he company behind the angry birds franchise says it plans to offer shares within a range of 12.22 to $13.70 each the ipo will raise proceeds of more than $30 million. rovio expects the stock trading in helsinki on october 3rd >> helsinki which is -- >> what in finland >> yes good to check on your geography, make sure you're brushing up >> i actually didn't know rovio was a finnish company. i presume it's finnish, it didn't just choose helsinki. >> you like angry birds, do you not? >> i don't i did like my video games back in the day but not norfor a while. >> angry birds, popular game >>> up next, keeping america safe, cnbc went behind the scenes for the inner workings of airport security that report coming up. >>> first, as we head to break, here is the national weather forecast focusing more on the united states of america than helsinki it's bill karins >>> good friday morning to you i wish i had better news on jose, this storm is still a threat to areas of the east coast especially

shares in helsinki it's most famous for its angry birds brand and total rovio games have been downloaded more than 4 billion times with more than 80 million active users i'm definitely not one of them >>> the lego group will cut 1400 jobs in an attempt to simplify its business model the privately held danish company employs 18,200 people. the news comes as the lego group posts a 5% decline in revenue for the first half of 2017 that's the first sales drop in 13 years let's see how jorgen vig knudstorp, the chairman of the board of lego feels about this in your press release you called this a disappointing performance. what do you think is behind this >> thank you very much i mean, i think what we've found through our investigation of this is that, you know, you so often trend towards saying this is the change in the retail media landscape or some other change, but what we found is the way we do business, the way we do marketing, the way we do our in-market management but how we run the whole administration or the company has become too complicated as we have grown the company massively ov

rovio entertainment-- announced today, it plans an initial public offering and a listing of its shareshelsinki stock exchange... hoping to raise 36-million dollars. the company's c-e-o says, rovio "is stronger than ever" and well-positioned in the fast growing mobile gaming market. and calls the share listing an important milestone for the company. the company did not give an estimated share price or company value. in sports... another n-f-l star gives his opinion on colin kaepernick...... and the boston red sox are busted using a new-age way to steal signs... gary has that story...and all the sports... coming up 49ers open their season with cam newton and the carolina panthers sunday at levi's stadium and you can ad newton to the players who think colin kaepernick should be on an nfl team"in my own opinion do i think kaepernick is better than some of the starting quarterbacks in this league, absolutely. should he be on a roster, in my opinion, absolutely, there's no question about it. is he good enough to be on a roster? is he good enough to be a starting quarterback? abso

rovio's games have been downloaded 3- point-7 billion times.orts -- the raiders and 49ers are getting ready for their divisional matchups this sunday... we'll hear from both teams. plus -- another starting quarterback has high praises for colin kaepernick... for raising social awareness across the n-f-l... and the country... gary has that story and all the sports coming up. rethink what's possible. rethink your allergy pills. flonase sensimist allergy relief helps block 6 key inflammatory substances with a gentle mist. most allergy pills only block one. and 6 is greater than one. flonase sensimist. ♪ the raiders are getting ready to head to mile high to face denver. oakland is looking to bounce back after losing to washington last sunday. the team stuggled on both sides of the ball... the defense allowed 472 total yards. the broncos are heading into their matchup as favorites. the last time the raiders lost back to back games... you have to go all the way back week ten of the 2015 season. ken norton junior is pleased with the defense progress,

rovio is finnish so the stock ll be traded on the helsinki stock exchange.ry birds cam out in 2009 and the company ss it's the most downloed mobile game ever. angry birds is free to download. in february the ceo talked with changed the whole gaming industry. look at the app stores nowadays. most of the games are free to play. so you actually download them free. and inside the game are micro payments that was a huge shift in the gaming incenter i in the past years. >> angry birds has spawned a spinoff games.dise, and several the company didn'teveal an estimated share price. >>> a struggling cab company in san francisco has launched a crowd funding campaign to keep it rolling. san francisco green cab was the first all-hybrid fleet in the city when it began in 2007. and believes it's the only driver-owned andperated cab company in the city. the company says state tax regulations give companies like er and lyft an unfair green cab says its drivers have a dedication to service that you can't find with ride-hailing companies. >> we have our regulars that we get co

in the foragers a disclosure, never played it and never seen the film but rodeo is going public -- rovioing public. does it make sense? ruth david: full disclosure, i have not played. [laughter] a few years back when it is ever going to be taken over, they talked about this valuation and as seemed like a one-game wonder which is what the markets are asking. it is interesting they were listed in the local office and not choose in london or new york maybe because of a select investors understand that -- because they feel like their investors understand them. whether they can get the volume wish and and a some people say could be ambitious. mark: i sense i will see the film, there's demand in my house. ruth david: the target group. mark: yes, the target group. mark: thank you. ruth david. julie: i have not seen it either. the hedge fund business and it seems like steve: wood is setting -- cohen is setting the stage for a comeback. start a hedgel fund, the company he has been working to gauge interest is telling prospective clients to expect a trove of materials. we should remind you that co

rovio is finnish so the stock will be traded on the helsinki stock exchange.t in 2009 and the company says it's the most downloaded mobile game ever. angry birds is free to download. in february the ceo talked with abc 7 news about how that changed the whole gaming industry. >> look at the app stores nowadays. most of the games are free to play. so you actually download them free. and inside the game are micro payments. that was a huge shift in the gaming incenter i in the past years. >> angry birds has spawned a movie, merchandise, and several spinoff games. the company didn't reveal an estimated share price. >>> a struggling cab company in san francisco has launched a crowd funding campaign to keep it rolling. san francisco green cab was the first all-hybrid fleet in the city when it began in 2007. and believes it's the only driver-owned and operated cab company in the city. the company says state tax regulations give companies like uber and lyft an unfair advantage. green cab says its drivers have a dedication to service that you can't find with ride-hailin

. >>> rovio priced its ipo at the top of its initial range at 11.50 euros per share it will have a market less than what was expected from the company years ago. the finnish mobile gamesmaker said it will use the proceeds to invest in growth. >>> and some are investing heavily in artificial intelligence with afshi becoming the next big buzzword. phil levin is founder of all turtles, and arjun kharpal also joins me your new venture is sort of a start-up studio. you don't want to just finance the companies but be on the creative side. am i getting this right? >> that's right. we're an ai start-up studio. we think ai is the answer to many important problems going on now. we think we have a method of making important ai products, which is more efficient than the silicon valley style vc track. >> would you say vcs are not good enough to foster innovation >> i think the vc industry works well in a narrow place and i think it's just not broad enough there's many amazingly talented product people, who don't have access to this pathway, because they happen not to live in the right place, not have

roku founder and ceo anthony wood will be on "squawk box" this morning and rovio, the maker of angry birds video games will price later today. they are listing in finland, sweden and denmark back over to you >> thank you. >>> softbank has overcome a major obstacle to its planned multibillion dollar investment in uber. the japanese firm agreed to block attempts to elevate travis kalanick back to the company's top ranks. benchmark which led the oust ner june wanted a guarantee in writing that it would reject the reappointment of kalanick. so the main blocker stepping away. >>> toshiba signing an $18 billion deal to sell its chip unit to a consortium led by bain capital. toshiba's u.s. joint partner western digital opposes the deal and still has litigation against it. >>> shares of abbott labs rising this morning the fda approving the glucose monitoring device for adults it will allow millions to track blood sugar levels without having to prick their fingers. >>> hain celestial making changes to its board hain will nominate six new director, three board members will not seek re-election

the overall stocks underperforming the s&p 500, as you can see right here we finish with an ipo, rovio'slic debut in finland, the mobile game studio known for angry birds priced its ipo at 11.5 euros per share we're not seeing a lot of price movement right now back to you, sara. >> all right, seema mody, thank you. >>> more out of europe, imf managing director christine lagarde weighing in on bitcoin, saying in london at a conference this morning, "for now virtual currencies such as bitcoin pose little or no challenge to the existing order why, she says, because they are too volatile, too risky, too energy intensive, and because the underlying technologies are not yet scalable." she also went on to say many are opaque, some have been hacked, but interestingly the problems could be solved and could end up giving existing currencies and monetary policy a run for their money. in contrast, of course, jamie dimon called bitcoin a fraud all the heavy hitters weighing in on the viability of bitcoin some see it as a threat to central banks and governments who do not back this currency. lagarde a

angry birds rovio went public on the nasdaq. they price to the high end of the range.t opened right at $12. so that looks fairly successful. and we are waiting for them to open on the nasdaq here in the united states next week. the dow down 39 points. >> thank you very much. >> a lot of people focussed on it because it will potentially come to a conclusion this weekend one way or the other y. am talking about disney. and altice. the cable systems one of the big presence here in the new york metropolitan area. as of the end of the month if they don't reach a deal it will go dark. that is the disney channels, espn, you know many of them. there is a great deal of focus within the larger media ecosystem on where this is going to end up. by most accounts disney is seeking increases in the fees it receives. this has been a point of contention for what it means for the bundle of programming and whether or not sports programming has made it too expensive therefore leading them to cut the cord and find this ever growing number of options that are out there in terms of what we c

apple, even google high-profile names likely to go soon, actually been a pretty good last couple weeks rovio pricing at the top end of the range, somebody tweeted angry birds are happy, that's true going to trade in helsinki, by the way, and down at the nasdaq on october 3rd we'll also see switch, a big data center operator, competitor to amazon, see how they do cargurus coming, too, new and used car dealer. finally, reuters is reporting lyft is close to hiring an ipo advisory firm, competitor, uber, of course, nowhere near an ipo ipo business has been getting a little better. i've been complaining all year about it 105 so far this year, up 41% from last year that's the same number of all last year. renaissance capital ipo etf, look at that, basket of last 60 ipos, up 27% this year everyone pushed back on the prices saying we don't want to pay high prices. pushing the initial offering prices down. >> good start today but remains to be seen what happens after thissin i this, right? that's the problem for some companies, they start fast out of the gate on ipo day then they fade. >> the company

. >>> and rovio entertainment is planning an ipo.he mobile games studio will list shares in helsinki in a move looking to boost growth the company finally returned to profit in 2016 following the angry birds s 3-d movie. there will be a share issue of about $35 million. >>> a check on the global markets, see if that's part of the problem today with the u.s. markets which indicated lower. japan, not good there. down almost 0.5 points or so the hang seng and shanghai eking out gains. european equities, germany doing best there spain down let's look at the dollar saw that earlier dollar has not continued to drop precipitously. we had 1.20 last week when you were out, sorkin crude is not story maybe rbob is. paid a lot for gas killed me it was like back over $3 >> was it? above $3 >> for premium it was. do you have a car this weekend did you have any elasticity? >> i drove i went to the station a few times. self-service >> zip car >> you have a car now. >> i'm a proud leaser of a vehicle. nonetheless, when you have three kids in the car.

roku founder and ceo anthony wood will be on "squawk box" this morning and rovio, the maker of angry birds video games will price later today. >>> the senate intelligence committee calling on facebook, twitter and alphabet to testify at a hearing on russia's role in the 2016 election. the hearing is november 1st. alphabet and facebook have not said if they will attend mark zuckerberg hitting back at president trump who claimed yesterday that the social media company was always anti-trump. zuckerberg posting on facebook, trump says facebook is against him. well, liberals say we helped trump. both sides are upset about the ideas and content they don't like that's what running a flat form for all ideas looks like zuckerberg said he regrets comments he made after the election suggesting that fake news on facebook shaped the outcome of the election. >> russia's alleged attempt to meddle in the politics in the u.s. may have reached beyond the election the new yo"new york times" -- i true >> it is true. >> the "new york times" reports that a network of accounts connected to russia were used

you angry birds, the creator of rovio entertainment priced ipo, they are going to go public, valuinglars, a billion less than shareholders were hoping for. there's the sting right there. begins trading in the nasdaq on october the third. all right, here is what we've got for you. berkeley, you won't believe this. berkeley spent $600,000 on security last night because conservative speakers ben shapiro was in town. that's it takes to safeguard free speech in the home of the free speech movement. can you believe it? florida steel reeling from irma. curfew at the beginning to have week to deter looters, it didn't stop the thieves who broke into the store with the a truck. the mayor will join us later this hour. you are watching the second hour of varney & company you know who likes to be in control? this guy. check it out! self-appendectomy! oh, that's really attached. that's why i rent from national. where i get the control to choose any car in the aisle i want, not some car they choose for me. which makes me one smooth operator. ah! still a little tender. (vo) go national. go like a pr