Tencent invests $126 million in Glu Mobile
Tencent has entered into a “strategic partnership” with Glu Mobile.
A Chinese Internet company is investing $126 million in a publisher and developer of mobile games. In return, she will become the owner of 14.6% of Glu shares.
The board of directors of Glu Mobile will include a representative of Tencent – Senior Vice President of the company Steven Ma (Steven Ma).
“Tencent became interested in Glu Mobile due to the five-year success story of this company, its skillful management and consistent work on a number of successful shooters, RPGs, time managers, sports and racing games,” Ma said.
A source: http://www.gamasutra.com
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