Saber Interactive entered into a share purchase agreement to acquire Glu Mobile (Russia) Limited (GMRL) from Glu Mobile Inc. (NasdaqGS:GLUU) for $3.2 million on December 31, 2017. The total cash consideration Glu Mobile Inc. is receiving under the agreement is $2.8 million plus the amount of the cash that remained in GMRL’s bank accounts as of the closing date (the “Bank Account Amount”). Of this amount, $1.3 million plus the Bank Account Amount are payable on or prior to January 10, 2018, with the remaining $1.5 million due and payable upon completion of the transition of operation of Glu's game as well as certain legacy titlea developed by Moscow Studio from the Moscow Studio to Glu’s Hyderabad, India office. The consideration also includes assumption of approximately $1.5 million in minimum guaranteed royalty payments. Staff will also be eligible for bonus payments from Saber up to $0.5 million. All approximately 120 employees of the Moscow Studio which were employed by the Russia branch office of GMRL are expected to remain with GMRL following the transaction. Glu Mobile expects the transition to be completed by March 31, 2018. In addition, Saber will assume all obligations under the office lease for the Moscow Studio. Saber Interactive completed the acquisition of Glu Mobile (Russia) Limited (GMRL) from Glu Mobile Inc. (NasdaqGS:GLUU) on December 31, 2017.