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Tencent
![Glu Mobile and Tencent Partnership: Is It Really Beneficial?](https://www.mytechbits.com/wp-content/uploads/2015/05/Glu-Mobile-and-Tencent-Partnership.jpg)
Glu Mobile and Tencent Partnership: Is It Really Beneficial?
Glu Mobile sold its 21 million shares to Tencent, which is a Chinese internet giant, for a total of $126 million. 21 million shares is equivalent to 14.6 percent of all the shares of Glu Mobile. The deal can be interpreted to be $6 per share. This rate is definitely