M&A Deal Summary

Jam City Acquires Ludia

On September 8, 2021, Jam City acquired digital media company Ludia from FremantleMedia Group for 165M USD

Acquisition Highlights
  • This is Jam City’s 8th transaction in the Digital Media sector.
  • This is Jam City’s largest (disclosed) transaction.
  • This is Jam City’s 2nd transaction in Canada.
  • This is Jam City’s 1st transaction in Quebec.

M&A Deal Summary
Date 2021-09-08
Target Ludia
Sector Digital Media
Buyer(s) Jam City
Sellers(s) FremantleMedia Group
Deal Type Divestiture
Deal Value 165M USD

Target

Ludia

Montreal, Quebec, Canada
website
Ludia is an operator of a mobile game studio. Ludia's portfolio includes original games based on internationally recognized brands such as Jurassic World Alive, DreamWorks Dragons: Titan Uprising, Warriors of Waterdeep, Lovelink, Jurassic World: The Game, Teenage Mutant Ninja Turtles: Legends, DreamWorks Dragons: Rise of Berk, and much more. Ludia is based in Montreal, Quebec.

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Buyer(S) 1

Buyer

Jam City

Culver City, California, United States

website

Category Company
Founded 2010
Sector Digital Media
Employees500
DESCRIPTION

Jam City engages in mobile entertainment, providing social gaming experiences for millions of players around the world. Jam City was founded in 2010 by MySpace cofounders Chris DeWolfe and Aber Whitcomb, and former 20th Century Fox executive Josh Yguado. Jam City is the creative powerhouse behind some of the highest grossing and most enduring social gaming franchises for mobile, including Cookie Jam (Facebook “Game of the Year” winner) and Panda Pop. Jam City is the go-to studio for Hollywood, having developed immersive, narrative rich mobile games around iconic entertainment brands including Harry Potter, Family Guy, Marvel Avengers and Futurama. Jam City has 500 employees across studios in Los Angeles (HQ), San Francisco, San Diego, Seattle and Buenos Aires. The Jam City team is known for its creative excellence and technological innovation in key areas including storytelling, data science and consumer insights.

DEAL STATS #
Overall 8 of 8
Sector (Digital Media) 8 of 8
Type (Divestiture) 2 of 2
State (Quebec) 1 of 1
Country (Canada) 2 of 2
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-04 231 Play

Berlin, Germany

231 Play GmbH is a data-driven mobile gaming studio that strives to update and reimagine timeless game mechanics to usher them into the current age of digital gaming. 231 Play GmbH was founded in 2016 and is based in Berlin, Germany.

Buy -

Seller(S) 1

SELLER

FremantleMedia Group

London, United Kingdom

website

Category Company
Founded 1939
Sector Media
DESCRIPTION

FremantleMedia Group Ltd. is a creator, producer and distributor of entertainment brands.

DEAL STATS #
Overall 1 of 1
Sector (Digital Media) 1 of 1
Type (Divestiture) 1 of 1
State (Quebec) 1 of 1
Country (Canada) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-11 Easy Tiger Productions

United Kingdom

Easy Tiger Productions is an innovative production company dedicated to the development of creative projects. Company specialise in projects with a strong theatrical influence.

Buy -
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