Shares of Glu Mobile, Inc. (GLUU) are higher by nearly 27% to $6.88 in pre-market trading on Thursday after the developer of free-to-play games for smartphones reported upbeat Q1 results and announced a partnership with Britney Spears on the development of a new mobile game. Glu said the exclusive agreement spans a five-year term with the possibility of a three-year extension.
In other Glu Mobile news this morning, Tencent Holdings Limited agreed to purchase 21 million GLUU shares at a price of $6.00/shr for total consideration of $126 million.
OmniVision Technologies, Inc. (OVTI) shares surged 5.73% to $28.07 in pre-market trading after the company agreed to be acquired by a consortium of China-based private-equity investors in an all-cash deal that values the maker of digital-imaging solutions at $1.9 billion.
Under the terms of the agreement, OmniVision stockholders will receive $29.75 per share in cash. The agreement was unanimously approved by OmniVision’s Board of Directors.
AAC Holdings Inc (AAC) shares climbed 11% to $34.78 in pre-market trading on Thursday after the company reported better-than-expected Q1 result, beating EPS by $0.05.
In other AAC news this morning, The WSJ reports that some Apple (AAPL) Watch components from AAC Technologies may be defective, which has limited supply.
Atlas Air Worldwide Holdings, Inc. (AAWW) rallied $4.09, or 9.36%, to $47.65 in the premarket session Thursday after it reported fiscal results for the first quarter 2015. Net income totaled $29.2 million, or $1.17 per share, compared with $7.9 million, or $0.32 per share, in the year-ago quarter.