Jam City agreed to sell its Montreal database Ludia Mobile Game Studio (and its games) to a consortium of Canadian institutional investors.
While Jam City said he was not actively looking for sales, the investment group presented the company
With a convincing offer to acquire the studio. As one of the ten world business studios, the sale
should not have a significant impact on the global activities of Jam City.
Jam City remains focused on its basic portfolio which includes its occasional narrative and the most popular and popular style of style titles, and its pipeline of versions to come for 2025 and 2026 remains unchanged. Jam City is fully determined to ensure a transparent transition for the Ludia team.
“We are incredibly proud of the talented team of Ludia and their innovation innovation in the middle of the heart and AR games. They are an exceptionally capable and creative group, and we have fully confidence in the brilliant future of Ludia, “said Josh Yguado, co -founder and CEO of Jam City, in a press release.
About 130 of Ludia employees will move to a new leadership under CEO Jimmy Gendron. Ludia will operate independently, managing its portfolio from its head office in Montreal.
A small number of Ludia employees mainly supporting Jam City titles will remain with Jam City. Jimmy Gendron, CEO of Ludia, said in a statement: “We are deeply grateful to our partners and teammates of Jam City for their support and collaboration. This transition marks a exciting new chapter for Ludia – the one where we adopt new opportunities and make the next step in our trip as an independent company. »»
Jam City games like Cookie Jam and Panda Pop have generated downloads of 4 billion and $ 1.5 billion to date.
The two parties have concluded an agreement in principle which is currently being examined by the Canadian Competition Office.
Ludia, acquired in 2021, is one of the ten Jam City studios, and her only team in the middle of the heart. The sale should not have a significant impact on the global activities of Jam City, because the most important and most popular games of the company are mobile titles of narrative style and puzzle style.
Jam City bought Ludia, based in Montreal, for $ 165 million in September 2021. Sous Jam City, Ludia released her DC Heroes & Villains Game, a match-3 RPG puzzle in 2021.
Ludia also made games such as DreamWorks Dragons: Titan Uprising as well as Jurassic World: Alive.
