Glu’s share price has entered a steady decline after their sharp rise shortly after going public, reports Mobile Games Blog.
The share price peaked at over $12 shortly after Glu went public a week or two ago. Since then, it has begun a fairly steady decline, sinking to $10.31 at the time of writing. The decrease is not overly large, but might be felt by bigger shareholders.
Arjan at the Mobile Games Blog speculates that this decline might make Glu an attractive target for Electronic Arts, who are looking to expand their European interests.