By Stephen Nakrosis
Shares of Glu Mobile Inc. are trading higher in Monday's after-hours market following news that Electronic Arts Inc. agreed to acquire the company for $12.50 a share in an all-cash deal.
At 4:58 p.m. EST, shares of Glu were trading 34.5% higher at $12.63. Volume at the time topped 946,000 shares.
The stock finished the day's regular-trading session with a 2.18% gain, closing at $9.39.
Over the last 52 weeks, shares of Glu have risen over 33%.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
02-08-21 1721ET