EA buys cell game developer Glu for $2.4 billion

How unparalleled is Kim Kardashian’s in the reduce payment of?

Digital Arts (EA) is shopping for Glu Mobile for $2.4 billion USD (roughly $3 billion CAD) to pad out its cell game offerings.

The on-line game developer is offering all Glu shareholders $12.50 USD (roughly $16 CAD), 33 p.c higher than the inventory is currently trading at. The deal is anticipated to shut at the pause of June, in accordance to Reuters. 

EA is one among the field’s supreme on-line game publishers, and Glu is a extremely financially a success cell game developers. The company is simplest known for free-to-play cell titles treasure Kim Kardashian: Hollywood, Cooking Walk and WWE Universe. 

Glu is headquartered in San Francisco however also has a satellite administrative middle in Toronto.

EA already has a catch of cell games, however this acquisition pads out its portfolio with quite so a lot of most important titles.

Provide: Reuters

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