Glu Mobile jumps after Zynga buys peer

|About: Glu Mobile Inc. (GLUU)|By:, SA News Editor

Zynga's $527M acquisition of leading mobile game developer NautralMotion is providing a lift to Glu Mobile (GLUU +5.9%), which has frequently been the topic of M&A speculation (some of it involving Zynga).

The move comes ahead of Glu's Wednesday Q4 report. 14.6M Glu shares (20.5% of the float) was shorted as of Jan. 15, providing ample fuel for a squeeze.