Their games are so bad they have to give them away and even then nobody wants them. Their best IP is Deer Hunter and nobody has played that since 1991. Gamespy is no more. Sure, they have no debt, but there are no signs that anything is being done to make this profitable, so that is sure to change.
Oh dear, doom and gloom. We should have keep the cash under the mattress. Keep in mind, Glu is generating RMG in the UK, and will be offering gambling in Italy later this year along with two other countries. Glu is now pulishing and partnering with other game makers like Skillz. As the agent Glu will be taking a cut of the income. Glu will also be offering online gambling in the US. Then there is the release of free games coming in the fall and xmas time. Glu has always run a tight ship and there will be no large firings or closing of offices. Glu was the first to focus solely on mobile and has the best understanding of its limits and possiblilties.