Superscape has given shareholders the opportunity to vote on the purchase of the company by Glu Mobile for over $36 million. Superscape, a publisher of 3D mobile games located in San Clemente, Calif., has been offered the deal as Glu mobile, a global mobile game publisher, tries to increase its presence in North America.
"This Offer represents an important step in Glu's strategy to become the number one mobile games publisher in the world. " said Greg Ballard, chief executive officer and president for Glu Mobile. "Superscape's strong market position in the United States, heritage in 3D technology, and unique position as a leading white label publisher are a perfect complement to Glu's world-class global presence."
The deal has been unanimously recommended by the board of directors of Superscape. "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. " says Larry Quinn, chairman of Superscape.
The deal will be voted on 21 days after the letters are sent to shareholders.
[GLU ANNOUNCES TENDER OFFER TO ACQUIRE SUPERSCAPE, A LEADING PUBLISHER OF MOBILE GAMES]
