April 26th, 2010 by Arjan Olsder Posted in Companies & M&A | 2 Comments »
Over the past 52 weeks, Glu’s (GLUU) shares have ranged between $0,55 and $1,84. Though the shares have been between $1 and $1,20 over the past few weeks, shareprices suddenly started to increase on Friday.
From about $1,10 on Thursday, the shares rose to $1,43 on Friday. As a result of this jump, acquisition rumors started to surface again. We could not find any solid grounds for these rumors yet. If there is anyone that knows what is going on, feel free to send us an anonymous tip via news@mobilegamesblog.com.
Who the hell would buy GLU?
Every potential buyer would have to fire 40% of the staff and 90% of the management in order to get things to work.
Something tells me GLUU will be acquired by a company that regrets closing their mobile dept..