Glu Mobile sells Moscow-based studio for $2.8m

Four in-development titles also sold to for $200,000

Glu Mobile has announced a deal with Saber Interactive worth $2.8 million for the sale of its Moscow-based game studio.

The studio employs around 120 staff and are expected to maintain their jobs under the new regime, reports.

While Glu will maintain rights to some titles developed at the studio, it has also agreed to sell four games which were under development by the Russian team to for $200,000.

These include a new unannounced celebrity game, Last Day Alive, Heroes of Destiny, and Furiosa. Meanwhile, Glu will hold on to Deer Hunter 2017, Contract Killer Sniper, and Frontline Commando D-Day.

As part of the deal, Saber has agreed to "commercially exploit any mobile games that primarily involve hunting deer and/or other animals, subject to limited expectations" for the five years.

Glu has endured a number of staff layoffs and studio closures over the last year and a half but, based on the latest quarterly report, its fortunes have turned around somewhat. Revenues were up by 58% and gross profits reached $49.4 million, up from a loss of $4.6 million the year prior.

Related stories

Glu Mobile revenue reaches $81.1 million in third quarter financials

Design Home drives 58% year-on-year growth for mobile developer

By Haydn Taylor

Glu Mobile lays off dozens

Restructuring cited for termination of 46 developers, departure of CTO Tim Wilson, closure of Long Beach studio, cancellation of Car Town Racing

By Brendan Sinclair

Latest comments

Sign in to contribute

Need an account? Register now.