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, today announced the acquisition of community-driven App, Poke Radar.
Built by a small team of Pokemon GO enthusiasts and relying on information submitted by its community of users – Poke Radar’s mission is to help players of the year’s most popular mobile game “catch ‘em all.” That team will join Glu Mobile and continue to offer its community the same experience they love. Having worked on the development of other apps with millions of downloads worldwide, the Poke Radar team will continue their innovative work as part of Glu.
“I am thrilled to welcome such a talented team of developers to the Glu Mobile family,” said Niccolo de Masi, Glu Chairman and CEO. “Poke Radar is a unique property which was built swiftly and in a nimble manner. I look forward to the significant contributions we expect this team to make at Glu.”
“I and the rest of the Poke Radar team couldn’t be more excited about joining the Glu Mobile team,” said Poke Radar Co-Founder Braydon Batungbacal. “We built Poke Radar with a lean team from the ground up and are excited to see what the future brings with the support of such a respected publisher behind us.”
Glu has agreed to pay total cash consideration of $500,000 for all assets associated with the Poke Radar application.
About Glu Mobile
Glu Mobile (NASDAQ:GLUU) is a leading global developer and publisher of free-to-play games for smartphone and tablet devices. Glu is focused on creating compelling original IP games such as CONTRACT KILLER, COOKING DASH, DEER HUNTER, DINER DASH, DINO HUNTER: DEADLY SHORES, ETERNITY WARRIORS, FRONTLINE COMMANDO, RACING RIVALS, TAP SPORTS BASEBALL, and TAP SPORTS FOOTBALL, and branded IP games including BRITNEY SPEARS: AMERICAN DREAM, GORDON RAMSAY DASH, KENDALL & KYLIE, KIM KARDASHIAN: HOLLYWOOD, and SNIPER X WITH JASON STATHAM on the App Store, Google Play, Amazon Appstore, Facebook, Mac App Store, and Windows Phone. Glu’s unique technology platform enables its titles to be accessible to a broad audience of consumers globally. Founded in 2001, Glu is headquartered in San Francisco with U.S. offices outside Seattle and in San Mateo, Portland and Long Beach, and international locations in Canada, China, India, Japan, and Russia. Consumers can find high-quality entertainment wherever they see the ‘g’ character logo or at www.glu.com. For live updates, please follow Glu via Twitter at www.twitter.com/glumobile or become a Glu fan at www.facebook.com/glumobile.
CONTRACT KILLER, COOKING DASH, DEER HUNTER, DINER DASH, DINO HUNTER: DEADLY SHORES, ETERNITY WARRIORS, FRONTLINE COMMANDO, RACING RIVALS, TAP SPORTS, SNIPER X, GLU, GLU MOBILE and the 'g' character logo are trademarks of Glu Mobile Inc. or its subsidiaries.
Cautions Regarding Forward-Looking Statements
This press release contains certain “forward-looking statements” related to the business of Glu Mobile Inc., including statements that the Poke Radar team will continue their innovative work as part of Glu and that we look forward to the significant contributions we expect this team to make to Glu. Such forward-looking statements involve known and unknown risks and uncertainties, including, but not limited to, the risk that we are not able to successfully integrate the Poke Radar team, successfully transition the app or otherwise achieve the expected benefits from this acquisition; the risk that we do not retain the Poke Radar team long term; and the risk that consumer demand for smartphones, tablets and next-generation platforms does not grow as significantly as we anticipate or that we will be unable to capitalize on any such growth. Certain of these risks and uncertainties are or will be described in greater detail in our public filings with the SEC. Glu is not under obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.