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Jam City Acquires Award-Winning Game Studio Ludia For $165 Million

PRIVATESep 08, 2021

Acquiring Company

Jam City

Acquired Company

Ludia

SoftwareMedia And EntertainmentMobileInternet ServicesGaming

Description

Jam City, Inc., a leading mobile entertainment company behind some of the world’s highest-grossing and most enduring mobile games today, announces it has completed the acquisition of award-winning mobile game studio Ludia Inc. from Fremantle for $165 million. Ludia’s growing portfolio of hit mobile games, including the Jurassic World games (Jurassic World: The Game, Jurassic World Alive) and upcoming DC and Disney titles, has been expanding the way fans of the world’s top franchises engage with their favorite worlds, across multiple game categories. Jurassic World Alive, Ludia’s latest game inspired by the blockbuster movie franchise from Universal Pictures and Amblin Entertainment, has established itself as one of the leaders in augmented reality-based gaming.

Quick answer

Jam City is acquiring Ludia for $165 million, announced September 8, 2021.

How much did Jam City pay for Ludia?
The reported deal value is $165 million.
What does Jam City do?
Jam City is an award-winning mobile entertainment company providing unique and deeply engaging games that appeal to a broad, global audience.

Source: Fundz verified event record.

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Company Information

Company

Jam City

About

Jam City is an award-winning mobile entertainment company providing unique and deeply engaging games that appeal to a broad, global audience. Led by CEO Chris DeWolfe, former MySpace co-founder and CEO, and COO Josh Yguado, former 20th Century Fox executive, Jam City is the creative powerhouse behind some of the highest-grossing and most enduring mobile games. Jam City’s global franchise Cookie Jam has generated more than $800 million in lifetime bookings and Panda Pop has generated $400 million in lifetime bookings to date. The company is a partner of choice for Hollywood studios, having developed immersive, narrative-rich mobile games around iconic entertainment brands. The company’s popular RPG game Harry Potter: Hogwarts Mystery was the #1 game in more than 40 countries at its launch in April 2018. Jam City currently has studios and talent located in Los Angeles (HQ), Burbank, Cedar Falls, Las Vegas, San Diego, San Francisco and, internationally, in Berlin, Bogotá, Buenos Aires and Toronto. For more information, please visit www.jamcity.com.

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Frequently asked

Who acquired Ludia?

Ludia was acquired by Jam City. The deal was reported on September 8, 2021. Jam City is an award-winning mobile entertainment company providing unique and deeply engaging games that appeal to a broad, global audience. Jam City is privately held and operates in Software.

When did Jam City acquire Ludia?

Jam City's acquisition of Ludia was reported on September 8, 2021. Jam City, Inc., a leading mobile entertainment company behind some of the world’s highest-grossing and most enduring mobile games today, announces it has completed the acquisition of award-winning mobile game studio Ludia Inc. from Fremantle for $165 million. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Ludia do?

Ludia Inc. is one of Canada's leading mobile video game companies. It is privately held.

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