Seeking Alpha

Glu Mobile flies higher amidst fresh Microsoft buyout speculation

  • Glu (GLUU +9.2%) shares have spiked higher, and Microsoft buyout rumors are reportedly the trigger. A certain announcement made by the software giant this morning could be a factor.
  • 23% of Glu's float was short at the end of July, and a lot of those shorts have sizable paper profits. The money-losing mobile game developer ($170M market cap) has previously been the subject of M&A chatter featuring Microsoft, Zynga, and others.
Comments (1)
  • THE QUILL
    , contributor
    Comments (95) | Send Message
     
    BEST INTEREST FOR SOFTY IS TO BY GLUU, IT SHOULD OF DID IT A YEAR AGO.

     

    THE QUILL

     

    24 Aug 2013, 04:04 PM Reply Like
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