Glu Mobile Secures Investment From Time Warner

Aug 26, 2005

Glu Mobile (formerly Sorrent, Inc. and Macrospace Ltd.), a creator and global publisher of mobile entertainment, has announced that Time Warner Inc. has made an investment in the company's series D round of financing that was led by Granite Global Ventures in May of 2005. Glu plans to use the proceeds to help continue its global expansion. Terms of the investment are not being disclosed.

Also, Andy Heller, president of domestic distribution, Turner Broadcasting, Inc. and head of Turner's GameTap operations, will join Glu's board. Existing board member, Daniel Skaff, will take the position of lead director.