Glu Mobile (GLUU) Acquires Control of Crowdstar at $45.5M Valuation
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Glu Mobile Acquires Controlling Interest in Crowdstar
November 3, 2016 4:07 PM EDTAll-cash transaction values Crowdstar at approximately $45.5 Million
Strategic acquisition strengthens and diversifies Glus content portfolio
SAN FRANCISCO--(BUSINESS WIRE)-- Glu Mobile Inc. (NASDAQ: GLUU), a leading global developer and publisher of free-to-play games for smartphone and tablet devices, announced today that it has acquired a controlling interest in Crowdstar, a global leader in mobile and social gaming, developing entertainment for women all around the world, in an all-cash transaction valuing Crowdstar at approximately $45.5 million. The combination of Crowdstar and Glu positions... More
