In a rather spectacular rebound, formerly ailing mobile game studio, Glu Mobile, has completed its acquisition of PlayFirst, the studio behind casual hits such as Diner Dash and Cooking Dash. Glu CEO, Niccolo de Masi, expressed that, “We are pleased to officially add PlayFirst to the Glu family and look forward to delivering new DASH products to a worldwide audience.” There is no word yet as to which title in the DASH line would see a new entry or if Glu plans to release an all new entry.
Prior to its purchase of PlayFirst, Glu Mobile had seen the decline of its revenues and a year long struggle to regain its footing in the mobile gaming market. After suffering a $3.2 million loss the year prior, judicious business maneuvers have netted Glu Mobile $5.4 million in net income during its fourth quarter earlier in the month.
Website Referenced: MarketWatch
Company Details:
Glu Mobile is a San Francisco based developer and publisher of video games for mobile platforms. The studio is behind popular franchises such as Dragon Slayer, Frontline Commando and Eternity Warriors.
