Mobile games developer Glu Mobile has bid GBP 18.3 million to acquire rival Superscape. The agreed offer is worth GBP 0.10 cash per share for Superscape, equal to a 29 percent premium on Superscape’s last traded share price. The Superscape directors, which hold 1.27 percent of the company, have already accepted the offer, while shareholders with another 33 percent of the company have also committed to the bid. Glu believes the acquisition will provide it with a number of benefits, including adding meaningful scale to
its existing business in the US, demonstrated leadership in 3D games and technology, and a talented and enthusiastic team with experience in mobile games.
Wireless Federation » Glu Mobile offers GBP 18.3 million for Superscape (USA)
Glu Mobile offers GBP 18.3 million for Superscape (USA)
- January 24th, 2008
- 8:55 am
