Glu Mobile sells its Moscow studio to Saber Interactive
The first major deal of 2018. The Moscow division of Glu Mobile in full force goes under the wing of Saber Interactive. The total amount of the entire transaction is estimated at $2.8 million.
Despite the fact that all 120 employees of the studio are now listed as part of Saber Interactive, the rights to all projects developed by Muscovites remain with Glu Mobile. We are talking about such games as Deer Hunter 2017, Contract Killer Sniper, Contract Killer 2, Frontline Commando DDay, Frontline Commando WW2 and Blood & Glory Immortals.
Deer Hunter 2017
Moreover, Saber Interactive pledged to help with the transfer of project operations to the Indian office of Glu Mobile for its money, and also guaranteed that it would not create mobile games related to hunting deer or other animals for five years.
She also took part in the transaction My.com . The company bought out such projects (and all the rights associated with them) as Last Day Alive (a shooter with the construction of a base, in a softlonch), Heroes of Destiny (a clone of Heroes Charge e 2013), Celebrity Game (an unannounced project with a star), Furiosa (a previously closed Glu project).
Last Day Alive
All projects are transferred to ownership My.com for $200 thousand.
The sale of one of the most important divisions responsible for the main three-dimensional mobile hits of Glu Mobile takes place against the background of cuts and layoffs that have been going on all last year. Recall that in 2017, the company laid off about 200 employees.
Thanks to the restructuring and success of the last two titles – Restaurant Dash: Gordon Ramsay and Design Hom e – Glu Mobile’s revenues in the third quarter of last year increased by 58% compared to the same for 2016, amounting to $81.1 million.
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