Financial Times FT.com

Superscape receives $36m offer from Glu

By Chris Nuttall in San Francisco

Published: January 23 2008 07:56 | Last updated: January 23 2008 07:56

Superscape, the London-listed developer and publisher of games for mobile phones, has received a $36m offer for the company from Glu Mobile, the second largest US publisher.

The offer price of 10p a share represents a 29 per cent premium to Superscape’s closing price on Tuesday of 7.75p. Glu said it had received irrevocable undertakings from shareholders representing 34 per cent of the outstanding shares and Superscape’s board of directors had unanimously recommended its bid.

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