Glu Mobile has acquired Diner Dash maker PlayFirst, according to this GII report. The transaction is expected to close this month. Glu Mobile bought the company by offering PlayFirst shareholders 3 million shares of the company's common stock and by taking on $3.55 million of PlayFirst's debt.
"PlayFirst brings to Glu one of the largest casual gaming brands of all time, as well as the studio-DNA to take Glu's casual portfolio to ever greater heights," said Glu CEO Niccolo de Masi in a statement.
"We are delighted to add PlayFirst to the Glu family and look forward to the launch of a free-to-play Diner Dash mobile game in Q4 2014. Glu continues to search for globally-recognized IP that can be reinvigorated by leveraging our global studio and publishing organizations. We remain dedicated to creating and growing franchises such as Contract Killer, Deer Hunter, Eternity Warriors, Frontline Commando, Stardom, and now, DASH."
Glu Mobile says that the PlayFirst team will continue to work independently on its most popular franchises with free-to-play versions of Diner Dash, Cooking Dash and Wedding Dash planned before the end of 2015.