Glu Mobile Completes Tencent Strategic Investment

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SAN FRANCISCO--(BUSINESS WIRE)--Glu Mobile Inc. (NASDAQ:GLUU), a leading global developer and publisher of free-to-play games for smartphone and tablet devices, announced that it has closed the second tranche of its previously announced strategic investment from Tencent Holdings Limited (Tencent, SEHK: 00700). Tencent agreed to purchase from Glu an aggregate of 21 million shares of Glu’s common stock at a price of US$6.00 per share, with Tencent purchasing the initial 12.5 million shares on Apr

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