Digital Arts, the North American interactive leisure firm, says it has acquired Glu Cellular Inc., a worldwide developer and writer of cellular video games, for $2.1B USD in enterprise worth. The provisions of this acquisition will see Glu stockholders (NASDAQ: GLUU) obtain $12.50 in money per share which quantities to a 36% premium in Glu’s closing share value on Feb. 5, 2021. Instantly upon closing (anticipated to be June, 2021), the acquisition can be added to EA’s complete web bookings.
Glu Cellular, based in 2001, is a cellular sport developer identified for a portfolio of common genres of cellular video games, together with sports activities, RPG, life-style, informal, and mid-core video games, most notable of these being Kim Kardashian: Hollywood, Design Dwelling, Covet Trend, and MLB Faucet Sports activities Baseball. The corporate homes a crew of greater than 500 cellular sport builders with a spotlight towards EA titles seeking to enter into or develop their cellular participant bases.
EA has been trying towards the cellular gaming area for a while. In 2011, the corporate acquired Firemint, the creators of Flight Management and Actual Racing, and Chillingo, publishers of Indignant Birds.
Maybe associated, and in one other addition to the corporate’s portfolio, is that EA reached an acquisition announcement with the U.Okay.-based racing sport developer and writer Codemasters, with that acquisition anticipated to be accomplished in Q1 2021. Codemasters is the corporate behind gaming titles such because the Mission Vehicles and DIRT racing automobile franchises.