Electronic Arts Acquires Glu Mobile For $2.1 Billion
And so the age-old tale of big companies gobbling up smaller ones continues. Electronic Arts has just announced that they’ve reached an agreement with Glu Mobile to acquire the American mobile games developer for $2.1 billion. Glu shareholders will receive $12.50 for each share which, according to GamesIndustry.biz, is a 36% premium over Glu’s closing stock price last Friday. The [...]
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