Was It Smart for Electronic Arts to Buy Glu Mobile?

On Feb. 8, Electronic Arts (NASDAQ: EA) announced it was acquiring Glu Mobile (NASDAQ: GLUU) at a market cap of $2.4 billion, or $2.1 billion when excluding the cash on Glu Mobile’s balance sheet. Glu Mobile, as its name implies, is a mobile games-focused studio behind hits likeRead MoreMarketsMarkets Feed