Fenwick & West LLP represented Glu Mobile Inc. (NASDAQ: GLUU) in its recently announced acquisition of Beijing Zhangzhong MIG Information Technology Co. Ltd. (MIG), a leading developer and publisher of mobile games for China. The transaction is Glu's first acquisition as a public company and is valued at approximately $40 million, including potential earnouts. MIG is believed to be the leading developer and publisher of mobile games in China, and the acquisition accelerates Glu's presence in China. The transaction is subject to customary closing conditions. Glu, based in San Mateo, CA, is a leading global publisher of mobile games, and its portfolio of top-rated games includes original titles Super K.O. Boxing!, Stranded and Brain Genius.
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Fenwick & West is a premier Interactive Entertainment law firm, working closely with innovative companies—from start-ups to publicly traded companies—to resolve the complex legal and business issues at the nexus of entertainment and technology. The firm was recently ranked by Legal 500 as one of the top three U.S. law firms in the interactive entertainment sector for corporate and M&A, by MergerMarket as one of the top five technology M&A practices in the U.S. and by Corporate Board Member as one of the top five corporate law firms in northern California for publicly traded companies.