Glu Mobile (GLUU) PT Lifted to $9.50 at Northland Amid Tencent and Britney Spears Deals
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Glu Reports First Quarter 2015 Financial Results
April 29, 2015 4:12 PM EDTQ1 non-GAAP revenue of $62.4 million, up 33% year-over-year and significantly exceeding guidance Q1 GAAP revenue of $69.5 million Q1 Adjusted EBITDA of $3.9 million; Adjusted EBITDA margin of 6.2% significantly exceeding guidance Increasing full year 2015 non-GAAP revenue guidance Signs exclusive partnership with Britney Spears for up to 8 years Announces strategic relationship with Tencent Holdings Limited
SAN FRANCISCO--(BUSINESS WIRE)-- Glu Mobile Inc. (NASDAQ: GLUU), a leading... More
Glu Adds Pop Icon Britney Spears to Its Celebrity Roster
April 29, 2015 4:10 PM EDTUp to eight-year exclusive mobile gaming partnership to incorporate likeness, voice, and creative influence of the platinum-selling recording artist
SAN FRANCISCO--(BUSINESS WIRE)-- Glu Mobile Inc. (NASDAQ: GLUU), a leading global developer and publisher of free-to-play games for smartphone and tablet devices, today announced that the company will partner with Britney Spears on the development of a new mobile game. The exclusive agreement spans a five-year term with the possibility of a three-year extension. Featuring the voice, likeness, and creative influence of Ms. Spears, the game will... More
Glu Mobile Announces Strategic Relationship with Tencent
April 29, 2015 4:05 PM EDTSAN FRANCISCO--(BUSINESS WIRE)-- Glu Mobile Inc. (Glu, NASDAQ: GLUU), a leading global developer and publisher of free-to-play games for smartphone and tablet devices, announced that Tencent Holdings Limited (Tencent, SEHK: 00700) had agreed to purchase 21 million shares of Glus common stock at a price of US$6.00 per share for total consideration of US$126 million.
The transaction will be completed in two tranches, with Tencent today purchasing 12.5 million shares, and committing to purchase the remaining 8.5 million shares upon the expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act.... More
