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Glu Mobile Receives Time Warner Investment

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From Reuters

Glu Mobile said media conglomerate Time Warner Inc. had made a $7.5-million investment in the privately held company that provides video games for wireless devices.

In a move related to the investment, Andy Heller, president of domestic distribution for Time Warner’s Turner Broadcasting Inc., has joined Glu’s board of directors.

The company also named Dan Skaff, founder of venture capital firm Sienna Ventures, lead director. Glu currently has no board chairman.

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San Mateo, Calif.-based Glu was formerly called Sorrent Inc.

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