Fenwick Represents Glu Mobile in its Acquisition of Cie Games for Approximately $100M

Fenwick & West represented Glu Mobile Inc. (NASDAQ: GLUU), a leading global developer and publisher of free-to-play games for smartphone and tablet devices, in its recently announced agreement to acquire Cie Games, Inc., creators of Racing Rivals, the leading racing franchise on iOS and Android. Glu agreed to pay total consideration of approximately $100 million, made up of approximately $30 million in cash and approximately $70 million in shares of the company's common. Glu expects the acquisition to close by the end of August 2014.

The acquisition is a continuation of Glu's consolidation strategy commenced with the company's transaction last quarter to bring the Diner Dash franchise to Glu. More information about Glu Mobile’s acquisition of Cie Games can be obtained from the company press release.

The Fenwick transaction team included corporate attorneys Dave Bell and Matthew Karwoski and tax attorneys Larissa Neumann and Ora Grinberg.


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