Tencent $ 126 million acquired mobile game developer Glu Mobile 14.6%shares

2025-02-06 11:56:03|Myriagame |source：minecraft skins

According to the "Wall Street Journal" online version, Tencent has agreed to acquire 14.6%of the mobile device free game developer Glu Mobile for $ 126 million.GLU developed mobile game "Kim Kardashian: Hollywood) is popular.According to the agreement reached between the two parties, Tencent will acquire 21 million GLU shares at $ 6 per share, which is 11%from GLU's $ 5.40 on Wednesday.

This transaction will be carried out in two batches. Tencent first acquires 12.5 million GLU shares on Wednesday. After the transaction is approved by the antitrust department, the remaining 8.5 million shares are acquired.The two parties predict that the second batch of stock acquisition transactions will be completed by July.

It is reported that online games are still a key growth momentum of Tencent. Tencent has two major instant messaging services: QQ and WeChat. For GLU, this transaction allows it to have an important ally in a rapidly growing market and get more.Operate more cash.After the transaction is completed, GLU's expected cash balance will reach $ 190 million.

GLU's stock price rose 21%to $ 6.53 during the after -market trading.In addition, the first quarter released by GLU exceeded expectations and raised the 2015 fiscal revenue guidance expectations.

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