City clock agreed to sell its base based in Montreal Ludia The mobile game studio (and its games) for a consortium of Canadian institutional investors.
While Jam City said it was not actively looking for a sale, the Investment Group presented the company
With a convincing offer to acquire the studio. As one of the ten global studios of the company’s sale
It is not expected that Jam City’s entire business is significantly influenced.
Jam City continues to focus on his core portfolio, which includes its largest and most popular casual narrative and puzzle premium titles, and his pipeline of the upcoming game publications for 2025 and 2026 remains unchanged. Jam City is fully committed to ensuring a seamless transition for the Ludia team.
“We are incredibly proud of Ludia’s talented team and their legacy of innovation in mid-core and ar gaming. They are an exceptionally capable and creative group, and we have full confidence in the brilliant future of Ludias, ”said Josh Yguado, co -founder and CEO of Jam City.
About 130 of the Ludia employees will go on a new tour under CEO Jimmy Gendron. Ludia will operate independently and manage its portfolio from the headquarters in Montreal.
A small number of Ludia employees who mainly support Jam City titles remains 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 cooperation. This transition is an exciting new chapter for Ludia – one in which we use new opportunities and take the next step on our trip as an independent company. “
Jam City’s games like Cookie Jam and Panda Pop have generated 4 billion US dollars and 1.5 billion downloads.
In principle, both parties have agreed, which is currently being checked by the Canadian competition office.
Ludia, which was acquired in 2021, is one of ten Jam City Studios and his only mid-core team. It is not expected that the sale has a significant impact on Jam City’s overall business, since the largest and most popular games in the company Casual are narrative and puzzle premium mobile title.
Jam City bought Ludia in Montreal in September 2021 for $ 165 million. In 2021, Ludia published his DC Heroes & Villains Game, a puzzle RPG-RPG in 2021.
Ludia also played games like Dreamworks Dragons: Titan Uprising and Jurassic World: Alive.
Source link
