GLU Mobile beobachten + increase of 94 percent

Glu inks deal to buy China mobile game company, Glu inks deal to buy China mobile game company Glu Mobile Inc (GLUU.O: Quote, Profile, Research) said on Wednesday it plans to buy Beijing Zhangzhong MIG Information Technology Co Ltd, which it says is China's leading mobile game developer and publisher, in a transaction valued at up to $39.7 million. Glu Chief Executive Greg Ballard said the purchase, slated to close by the end of this year, will boost its presence in China and strengthen its relationship with China Mobile Ltd (0941.HK: Quote, Profile, Research), the world's largest wireless carrier. MIG shareholders will receive $14.7 million in cash. Glu could make additional payments of up to $25 million in cash and stock if MIG meets certain financial milestones during 2008 and its principal officers remain employed by Glu. Glu said the purchase is expected to subtract less than one cent per share from its fourth-quarter earnings before items. The company expects the deal [mehr]

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GLU Mobile beobachten + increase of 94 percent