EA to Acquire Glu Mobile, Maker of ‘Kim Kardashian: Hollywood,’ in $2.1 Billion Deal
Todd Spangler NY Digital EditorVideo-game giant Electronic Arts said it will acquire Glu Mobile, a developer and publisher of mobile games including “Kim Kardashian: Hollywood,” “Design Home,” “Covet Fashion” and “MLB Tap Sports Baseball,” in a deal worth $2.1 billion.The boards of directors of both companies have approved the deal, under which Glu’s shareholders will receive $12.50 in cash for each share of Glu stock. The value of the deal is $2.1 billion including Glu’s net cash of $364 million.