Gaming company Rovio confirms that it is in talks with the Japanese company Sega about a possible purchase offer for the company’s shares.

The US newspaper The Wall Street Journal previously reported that the Japanese video game giant was about to buy Rovio for about one billion dollars, or about 900 million euros.

“Rovio does not comment on the estimates presented in the media due to ongoing discussions about the valuation and because there can be no certainty that such estimates would reflect the outcome of the discussions,” the company states in its insider release on Saturday.

“Rovio and Sega will announce more information at the appropriate time. There is no certainty as to when a potential purchase offer would materialize or if it would materialize at all, or the terms of such a potential purchase offer.”

Sources previously estimated to The Wall Street Journal that Sega could reach an agreement on the sale of the game house known for its mobile games as early as next week, if the trade negotiations do not fall through or be prolonged.

Inderes analyst Atte Riikola previously estimated for HS that if the information in the US newspaper is correct, we would now be talking about a price per share of around 11 euros.

“I would consider it a very good price. If the information is correct, I bet this could come true,” said Riikola.