Home All Stories Glu acquires GameSpy for much less than IGN paid for it

Glu acquires GameSpy for much less than IGN paid for it

Photo via r.nial bradshaw on Flickr under the Creative Commons License

San Francisco – Glu Mobile, a San Francisco-based developer and publisher of freemium games for smartphone and tablet devices, said on Thursday it has acquired San Francisco-based GameSpy Technology from News Corp.’s IGN Entertainment.

Glu paid about $2.7 million in stock, an amount offset by GameSpy’s cash and receivables and a fraction of the roughly $57 million IGN Entertainment paid for it in 2004.

GameSpy provides technologies and services for multiplayer and server-based gaming across a wide array of platforms. Its services power online features such as multiplayer matchmaking, player statistics, individual player profiles, in-game buddy lists, leaderboards and storage of game media, including screenshots, gameplay videos and playable content.

“Our acquisition of GameSpy brings Glu industry-recognized leadership in online, cross-platform technology infrastructure,” said Niccolo de Masi, the CEO of Glu.

This article was also published in Bay Area Tech Wire.

Related links:

Glu Mobile – http://www.glu.com

GameSpy – http://www.poweredbygamespy.com

Glu Mobile – press release

San Francisco Business Times – Glu Mobile loses $3M, buys GameSpy for 600,000 shares