Friday, July 9, 2010

Glu Mobile to sell USD 13.5 mln of stock, warrants

(Telecompaper) Mobile games developer Glu Mobile has entered into a definitive contract for the sale of common stock and warrants to ten existing stockholders and ten new investors in a private placement for proceeds of USD 13.5 million. As a condition of this financing, certain of Glu's stockholders, owning 50.2 percent of Glu's outstanding stock, have entered into voting agreements with the ...
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