Jam City sells Ludia game studio to Canadian institutional investors
1 min read
Summary
Jam City has agreed to sell its Montreal-based Ludia mobile game studio to a consortium of Canadian institutional investors, despite claims that it wasn’t actively looking for a buyer.
The move doesn’t expected to significantly impact Jam City overall, as Ludia will continue to operate independently with its own CEO, and both companies will work to ensure a smooth transition.
Ludia was bought by Jam City for $165m in 2021, with its games including DreamWorks Dragons: Titan Uprising and Jurassic World: Alive.
Its most recent release was DC Heroes & Villains in 2021 after the acquisition.
Jam City’s Cookie Jam and Panda Pop have generated $4bn and 1.5bn downloads to date.