Glu Buys 3D Mobile Games Developer

Mobile games developer, Glu Mobile says that it is to buy rival Superscape for approximately $36 million. The acquisition of Superscape will considerably expand Glu's US presence and add significant development and publishing capabilities to Glu's existing resources.

Founded in 1993, Superscape ranked among the top five mobile games publishers in the United States during Q3 2007, according to the Mobile Games Report from Nielsen Mobile. With approximately 135 employees, Superscape is headquartered in San Clemente, Calif., with a production facility in Moscow and an office in Fleet, Hampshire, UK. The company's strong technical heritage in both development and publishing has led to its success in creating industry leading 3D games as well as in establishing innovative programs with leading network operators and handset manufacturers. These initiatives, which include a white label partnership with Verizon Wireless and a mobile gaming community with Alltel, distinguish Superscape within the industry.

Larry Quinn, chairman of Superscape, said, "I am very pleased that we have been able to reach agreement on the terms of this transaction, which I believe is the right strategic outcome for Superscape, offering certainty and value to our shareholders. I am confident that Superscape will make a significant contribution to the future of the combined business."

Posted to the site on 23rd January 2008