Seeking Alpha

Glu Mobile (GLUU) is acquiring IGN Entertainment's GameSpy Technology subsidiary. GameSpy...

Glu Mobile (GLUU) is acquiring IGN Entertainment's GameSpy Technology subsidiary. GameSpy provides a variety of tools and services to game developers related to online/multiplayer gaming. Glu plans to leverage GameSpy's solutions to add multiplayer and social capabilities to its mobile games. The acquisition is expected to be neutral to earnings near-term. (PR)
From other sites
Comments (3)
  • gabbs
    , contributor
    Comments (35) | Send Message
     
    GLUU is the best stock in my portfolio. Great company, good games, good growth, have not missed a Q forecast, and they plan to be profitable by next year.
    Great stock on its own, and also a good buyout candidate.
    2 Aug 2012, 05:12 PM Reply Like
  • sfshelton
    , contributor
    Comments (8) | Send Message
     
    If everyone would think about it. The future is very big for mobile gaming and when other players can play with each other on those devices just like they do on Xbox this would make gaming a lot more bigger. I just don't think people know how big this mobile gaming is going to be and you can buy this gaming stock very cheaply right now as compared to what it is going to be in the future. There will be a large company that is going to step in and buy Gluu but not next week. The large companies want to see that the company can keep making money and because of a M&A you want to grow your profits and so far gluu has shown they are going to be the largest player in the mobile gaming market for sure. This will prove that this is just a small blimp on the Gluu history screen and a lot of people do not see that yet, but they will! It will be too late for them at that time though! With all the good earnings and growing coming from this company, I'm betting they will get a M&A offer this year.
    2 Aug 2012, 10:48 PM Reply Like
  • gabbs
    , contributor
    Comments (35) | Send Message
     
    Agree. I like to compare GLUU not necesarily to other online game companies, but to old toy companies as Hasbro, Lego, etc.Since in 10-20 years, online social gaming might be as big IMO.
    3 Aug 2012, 12:55 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs