Login/Register
NetEnt
NetEnt
Solitics
BigTimeGaming

Glu Mobile targets acquisitions after closing $15.2m IPO

19th September 2013 7:18 am GMT

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, [...]

Continue reading

Subscribe for full access to Gaming Intelligence including premium news content, feature articles, news archive, company profiles and more. Includes subscription to the print edition of GIQ magazine and postage.

Subscribe

Already a subscriber or registered user? Login

Future Anthem
Skywind
Greentube
EveryMatrix
Pragmatic Play
Playtech
Solitics