By Stephen Nakrosis 
 

Shares of Glu Mobile Inc. are trading higher in Monday's after-hours market following news that Electronic Arts Inc. agreed to acquire the company for $12.50 a share in an all-cash deal.

At 4:58 p.m. EST, shares of Glu were trading 34.5% higher at $12.63. Volume at the time topped 946,000 shares.

The stock finished the day's regular-trading session with a 2.18% gain, closing at $9.39.

Over the last 52 weeks, shares of Glu have risen over 33%.

 

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 

(END) Dow Jones Newswires

February 08, 2021 17:21 ET (22:21 GMT)

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