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Glu Mobile Acquires Controlling Stake in Mobile, Social Gaming Firm Crowdstar for USD 45.5m.

MANews-(C)2009-2016

4 November 2016 - San Francisco, California-based Smartphone and tablet free-to-play games provider Glu Mobile Inc. (NASDAQ: GLUU) has acquired a controlling interest in mobile and social gaming developer Crowdstar in an all-cash transaction valuing Crowdstar at approximately USD 45.5m, the company said.

Glu Mobile (NASDAQ: GLUU) develops and publishes free-to-play games focused on compelling and popular themes.

It has US offices outside Seattle and in San Mateo, Portland and Long Beach, and international locations in Canada, China, India, and Russia.

Founded in 2008, Crowdstar creates interactive entertainment for women, blending elegant, polished aesthetics with aspirational gameplay. Its flagship fashion styling game is Covet Fashion.

Country: USA

Sector: Leisure/Arts

Target: Crowdstar

Buyer: Glu Mobile

Vendor:

Deal size in USD: 45.5m

Type: Corporate Acquisition

Financing: Cash

Status: Closed

Buyer advisor: , ,

Comment:

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Publication:M & A Navigator
Geographic Code:1U9CA
Date:Nov 4, 2016
Words:135
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