Mobile Game Maker Glu Sued by Investor Over $2.8 Billion EA Deal

A Glu Mobile Inc. investor sued it in Delaware on Thursday, seeking internal company files to investigate whether the mobile game maker’s $2.8 billion sale to Electronic Arts Inc. is underpriced as a result of conflicts of interest plaguing the Glu board.

“Plaintiff believes that Glu’s board of directors and management breached their fiduciary duties in connection with the acquisition by agreeing to inadequate consideration following a process that was driven by self-interest,” the complaint says.

The lawsuit, filed in Delaware Chancery Court by an individual shareholder, doesn’t allege any specific wrongdoing, but it suggests there’s reason to suspect Glu’s ...