News
Glu deal for Superscape approved
Tim Green Mar 10 2008, 10:41am
Glu Mobile is so close to buying Superscape you can almost taste it.
It has ‘received valid acceptances representing approximately 81 per cent of the issued share capital’ of the 3D mobile games specialist. As such, it will now proceed to purchase. The deal values Superscape at around $36 million.
Greg Ballard, CEO of Glu, said: "We're delighted to have declared the tender offer unconditional and to have formally joined forces with Superscape and its talented management and employees.
Indeed, Superscape's numerous positive and unique attributes will complement and bolster Glu's already strong market position in the mobile games market.”
