Glu acquires wireless gaming company ifone | rcr wireless news
- Select a language for the TTS:
- UK English Female
- UK English Male
- US English Female
- US English Male
- Australian Female
- Australian Male
- Language selected: (auto detect) - EN
Play all audios:
SAN MATEO, Calif.—Wireless game-maker Glu Mobile announced it acquired iFone, a wireless entertainment publisher based in Manchester, United Kingdom. Financial terms of the agreement were
not disclosed. The transaction is just the latest in a long string of merger-and-acquisition activity in the wireless gaming market. The deal comes on the heels of what was the largest such
transaction to occur so far—Electronic Arts Inc.’s $680 million purchase of Jamdat Mobile Inc. “Worldwide success in the mobile games business is predicated on great brands, quality
adaptation of those brands to the mobile platform, and exceptional deployment execution,” said Greg Ballard, president and chief executive officer of Glu. “The combination of Glu and iFone
will perform these essentials better than anyone in the business.” Glu said the acquisition will give it access to iFone’s top-selling titles including Lemmings, Atari Classics and Hasbro
Inc.’s Monopoly.