Glu Mobile to Acquire Chinese Mobile Company MIG

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Glu Mobile has agreed to acquire Chinese game developer and publisher Beijing Zhangzhong MIG Information Technology Co. Ltd.
MIG's Chief Executive Officer, Wang Bin, will become Glu Mobile's General Manager for China and MIG's 80 staff members will be folded into Glu Mobile. The transaction should close in around three weeks and will result in Glu Mobile paying MIG's shareholders $14.7 million in cash and an additional $25 million if MIG meets certain performance targets.

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This page contains a single entry by Editor published on November 29, 2007 5:18 AM.

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