2 months ago
Accelerates the growth of Electronic Arts’ mobile business through development of new sports, lifestyle, casual, and mid-core games
Creates a market-leading portfolio of more than 15 top live services across multiple fast growing mobile genres
Expands Electronic Arts’ nearly half a billion strong player network to reach a broader global audience
REDWOOD CITY, Calif.–(BUSINESS WIRE)–
Electronic Arts Inc. (NASDAQ: EA), a global
leader in interactive entertainment, and Glu
Design Home,
Covet Fashion, and
MLB Tap Sports Baseball, have entered into a definitive agreement under which Electronic Arts will acquire Glu Mobile. Under the terms of the agreement, EA will acquire Glu for $2.1 billion in enterprise value. Glu stockholders will receive $12.50 in cash for each share of Glu stock, representing a 36% premium to Glu’s closing share price on February 5, 2021. Upon closing, the acquisition will be immediately accretive t
Electronic Arts this week announced that it has entered into a definitive agreement to acquire Glu Mobile, publisher and developer of mobile video games like Design Home, Covet Fashion, and, perhaps most notably, Kim Kardashian: Hollywood, among others. Under the specifics of the deal, EA will [.]
Press release content from Business Wire. The AP news staff was not involved in its creation.
Glu Reports Fourth Quarter and Full Year 2020 Financial Results
February 8, 2021 GMT
SAN FRANCISCO (BUSINESS WIRE) Feb 8, 2021
Glu Mobile Inc. (NASDAQ: GLUU), a leading global developer and publisher of mobile games, today announced financial results for its fourth quarter and full year ended December 31, 2020.
“Our fourth quarter results capped off another strong year for Glu,” said Nick Earl, Chief Executive Officer. “The performance of our Growth Games and the resurgence of
Kim Kardashian: Hollywood coupled with a strong contribution from the title we launched during the year,