Taylor Swift adds $75 million to Glu Mobile’s market cap
Glu Mobile Inc. shares rallied in the extended session Wednesday after the mobile-games developer announced a partnership with award-winning singer Taylor Swift.
Glu GLUU, -2.90% shares surged 29% to $2.59 on heavy volume after the close on Wednesday. Glu Mobile closed at $2.01 a share Wednesday with 131 million shares outstanding, according to FactSet. That jump in share price adds about $75 million to Glu’s $264 million market cap at the close. http://www.marketwatch.com/story/tay..._share_twitter