EA acquires Glu Mobile in $2.1 billion deal
Electronic Arts today announced it has reached an agreement to acquire Glu Mobile for $2.1 billion in enterprise value. The deal would see Glu shareholders receive $12.50 for each share of Glu stock, a 36% premium to the company's closing price last Friday. The equity value of the offering is $2.4 billion, but Glu holds $364 million in net cash. "Our acquisition of Glu combines amazing teams and deeply-engaging products to create a mobile games leader with proven expertise across many fast-growing genres," said EA CEO Andrew Wilson. "Mobile continues to grow as the biggest gaming platform in ...