Mobile games developer Glu Mobile is to use $15.2m raised in its public offering earlier this week to acquire or invest in businesses that complement its existing operations, as well as build up the company’s publishing and games-as-a-service divisions.
The company closed the offering on September 17th, selling off 7,245,000 shares of common stock at a price of $2.10 per share, with gross proceeds exceeding the company’s target of $13.2m.
Glu received net proceeds of $14m, [...]
