Glu Mobile

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Glu Mobile Inc.
TypePublic
NASDAQGLUU
S&P 600 Component
Russell 2000 Component
IndustryVideo games
FoundedJune 2005; 15 years ago (2005-06)
HeadquartersSan Francisco, California, United States
Key people
Nick Earl (CEO and President)
Revenue$411.4 million[1]
SubsidiariesPlayFirst
Plain Vanilla Games
Griptonite Games
GluPlay
CrowdStar
Websitewww.glu.com

Glu Mobile, Inc. is an American developer and publisher of video games for mobile phones and tablet computers. Founded in San Francisco, California, in 2004, Glu offers products to multiple platforms including Java ME-based devices, Android, Windows Phone, Google Chrome, and Amazon.[2]

History[edit]

Glu logo from 2005 until 2014
Glu logo in use since 2014, as seen on some app icons

In December 2004, San Mateo, the California-based Sorrent merged with the London-based Macrospace. In June 2005 the merged company created a new corporate name: Glu Mobile.[3] That same year, Greg Ballard replaced Sorrent founder Scott Orr as CEO. In 2006, Glu Mobile acquired iFone and in 2007 it acquired Chinese mobile game producer Beijing Zhangzhong MIG Information Technology Co. Ltd. ("MIG"). In September 2007, Glu announced the launch of Asteroids for mobile phones.[4] In March 2008, Glu acquired San Clemente-based mobile developer Superscape.

In January 2010, Niccolo de Masi joined Glu Mobile as the President and CEO. De Masi was previously CEO at Hands-On Mobile. Since his arrival, Glu has transitioned to a freemium business model focused around Glu's original IP.

On August 2, 2011, Glu acquired Griptonite Games. Its staff of 200 "approximately double[d]" Glu's internal development capacity.[5]

In April 2012, Glu acquired the entire Deer Hunter franchise.[6]

Glu Mobile bought Gamespy Technologies (the entity responsible for GameSpy multiplayer services) from IGN Entertainment in August 2012,[7] and proceeded in December to raise integration costs and shut down servers for many older games, including the Star Wars: Battlefront series, Sniper Elite, Microsoft Flight Simulator X and Neverwinter Nights, with no warning to developers or consumers.[8] GameSpy Technologies remained operational and did not make any announcements of an impending shutdown; the two GameSpy companies were separate entities and only related by name.[9] Glu also shut down online multiplayer servers for several titles on the Nintendo DS and Wii, such as Mario Kart DS, Super Smash Bros Brawl, and Mario Kart Wii. Glu shut down the rest of Gamespy effective on May 31, 2014.[10]

On September 3, 2014, PlayFirst was acquired by Glu. The official statement from Glu Mobile CEO Niccolo de Masi read "We are pleased to officially add PlayFirst to the Glu family and look forward to delivering new DASH products to a worldwide audience."[11]

In April 2015, Chinese company Tencent paid $126 million for a 15% stake in Glu Mobile.[12] It now has 20.8% as of 2017.[13]

On December 22, 2016, it was announced that Glu Mobile had acquired the trivia game QuizUp for US$7.5 million.

In November 2016, Nick Earl became CEO. The majority stake of Glu shares are held by institutions: at the start of the third quarter of 2012, institutional ownership was 78% of the outstanding shares according to Google Finance.[14]

Games[edit]

See also[edit]

References[edit]

  1. ^ http://phx.corporate-ir.net/phoenix.zhtml?c=207033&p=irol-sec
  2. ^ http://www.glu.com/about
  3. ^ "Glu". Edge. Future plc. 16 June 2005. Retrieved 6 August 2013.
  4. ^ "Glu Mobile Inc : Glu Launches Asteroids® on Mobile Phones Worldwide". September 4, 2007. Retrieved Jul 14, 2013.
  5. ^ http://www.gamasutra.com/view/news/126331/Glu_Mobile_Picks_Up_Griptonite_Blammo_After_Narrowing_Losses.php
  6. ^ "Glu Mobile Acquires Deer Hunter® Brand". BusinessWire. Retrieved 28 June 2012.
  7. ^ "Glu Acquires GameSpy Technology to Expand Connected, Cross-platform Mobile Leadership". Glu Mobile. Retrieved 19 November 2012.
  8. ^ "Glu Shutting Down Multiplayer for GameSpy-based PC Titles". Tom's Hardware. Retrieved 19 November 2012.
  9. ^ "A Tale of Two GameSpys". GameSpy. Archived from the original on 13 December 2012. Retrieved 25 February 2013.
  10. ^ "Star Wars Battlefront 2, Empire at War going offline due to GameSpy shutdown". Polygon. Retrieved May 14, 2014.
  11. ^ PlayFirst (2014-09-03). "Glu Mobile Completes Acquisition of PlayFirst". PlayFirst. Retrieved 2014-09-03.
  12. ^ "Tencent Will Pay $126 Million for 15 Percent Stake in Glu Mobile". re/code. Retrieved 29 April 2015.
  13. ^ https://www.cnbc.com/2017/11/09/chinese-ipos-in-the-us-an-indirect-battle-between-alibaba-and-tencent.html
  14. ^ https://www.google.com/finance?q=NASDAQ:GLUU#
  15. ^ Katz, Leslie (6 September 2018). "This game will make you obsessed with rattan ottomans and watercolor whales". CNET. Retrieved 7 June 2019.
  16. ^ "Gun Bros Freemium dual stick xBox Live shooter". BestWP7Games. 12 July 2012. Archived from the original on 15 July 2012.
  17. ^ http://time.com/4594262/nicki-minaj-empire-game/
  18. ^ Tony Hawk: Vert launched

External links[edit]