Glu Mobile (GLUU) Tops Q1 EPS by 3c
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April 30, 2015 8:41 AM EDT
Benchmark analyst Mike Hickey reiterated a Buy rating and boosted his price target on Glu Mobile (NASDAQ: GLUU) to $7.64 (from $5.45) following Q1 results, a strategic relationship with Tencent and an exclusive partnership with Britney Spears for up to 8 years
Hickey commented, "We view the Companys risk / reward... More
April 30, 2015 8:01 AM EDT
Piper Jaffray analyst Michael. Olson reiterated an Overweight rating and boosted his price target on Glu Mobile (NASDAQ: GLUU) to $7.50 (from $5.50) following Q1 results and the Britney Spears and Tencent deals.
commented, "Glu reported a strong Q1, beating consensus based on better than expected trajectory of... More
April 30, 2015 7:22 AM EDT
Northland Capital Markets analyst Darren Aftahi reiterated an Outperform rating and boosted his price target on Glu Mobile (NASDAQ: GLUU) to $9.50 (from $7.50) following Q1 results, the Britney Spears game and a deal with Tencent.
Aftahi commented, "We were looking for three things from Glu:... More
April 29, 2015 4:10 PM EDT
Glu Mobile (NASDAQ: GLUU) announced that the company will partner with Britney Spears on the development of a new mobile game. The exclusive agreement spans a five-year term with the possibility of a three-year extension. Featuring the voice, likeness, and creative influence of Ms. Spears, the game will allow players to interact with Britney and experience the glitz and glamour of the entertainment business. Glu expects to launch the game worldwide in the first half of 2016.
I am thrilled to add Grammy... More
April 29, 2015 4:08 PM EDT
Glu Mobile (NASDAQ: GLUU) announced that Tencent Holdings Limited (Tencent, SEHK: 00700) had agreed to purchase 21 million shares of Glus common stock at a price of US$6.00 per share for total consideration of US$126 million.
The transaction will be completed in two tranches, with Tencent today purchasing 12.5 million shares, and committing to purchase the remaining 8.5 million shares upon the expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act. Subject to the foregoing, the parties expect the second tranche... More
