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.
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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.
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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.
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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.
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