Electronic Arts, a digital interactive entertainment company, has agreed to snap up Glu Mobile for a total enterprise value of $2.1 billion, including net cash of $364 million. Glu Mobile shares are up 34% in Tuesday's pre-market trading. Per the terms of the deal, Electronic Arts (EA) will pay $12.50 for each share of the San Francisco-based mobile games’ creator. The cash paid per share represents a 36% premium to Glu Mobile’s closing price on Feb. 5. The combined company will have a mobile product portfolio with over 15 top live services and $1.32 billion in bookings over the last twelve months.
https://www.tipranks.com/news/electronic-arts-to-buy-glu-mobile-for-2-1b-shares-pop-34