Glu Mobile Attempting to Acquire Superscape

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Mobile publisher Glu Mobile made a tender offer to acquire mobile developer and publisher Superscape Group.
Glu Mobile is offering to pay 10 pence per share for Superscape, valuing the company at around $25 million (accounting for the assets on Superscape's balance sheet). Glu already has commitments from shareholders representing 34% of Superscape's equity. The transaction is conditional on getting acceptance from the holders of 90% of the company's equity, although Glu could waive that requirement.

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This page contains a single entry by Editor published on January 23, 2008 7:50 AM.

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