Wednesday, July 30, 2014
Cie Games Acquired By Glu Mobile For $100M
Long Beach-based Cie Games, the maker of the social and mobile game Car Town and Racing Rivals, has been acquired by Glu Mobile, the two said Wednesday afternoon, in a deal worth $100M. Glu Mobile said it would pay $30M in cash and $70M in stock for Cie Games, whose games are popular on both iOS and Android. Cie Games released Racing Rivals back in August of last year. Glu Cames said the move will bring both a high quality studio talent and a profitable operating business to the company.