Soaring share price sparks talk of imminent buyout, merger or something completely different.
Financial commentators are speculating as to the reasons behind an 89 per cent rise in game publisher Glu Mobile's stock since June 5th.
The early betting is that some kind of merger or acquisition is on the cards, though as you'd expect the company itself is staying tight-lipped.
If it's the latter, then the obvious candidates would be Activision (with which Glu has a major licensing deal), or Electronics Arts as its seeks to consolidate its position against main rival Gameloft (who presumably can't be discounted as acquisitors themselves).
Glu restructured its business back in February in order to focus on creating games for smartphone platforms. Obviously if this strategy is beginning to bear fruit then it could account for the sharp share price rises as the market catches up.
This summer Glu has released two big movie tie-games in the form of Transformers: Revenge of the Fallen and Angels & Demons.
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