Glu Mobile partners with Britney Spears and Tencent Holdings

Glu Mobile Inc. (Nasdaq: GLUU) reported higher first quarter revenue and earnings of a penny per share compared with break even in the year ago period, entered an exclusive partnership with Britney Spears and announced that Tencent Holdings will take a 15% stake in the company. The stock price soared $1.25 to $6.65.