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  5. Jam City Acquires 231 Play

M&A Deal Summary

Jam City Acquires 231 Play

On April 4, 2019, Jam City acquired digital media company 231 Play

Acquisition Highlights
  • This is Jam City’s 7th transaction in the Digital Media sector.
  • This is Jam City’s 1st transaction in Germany.

M&A Deal Summary
Date 2019-04-04
Target 231 Play
Sector Digital Media
Buyer(s) Jam City
Deal Type Add-on Acquisition

Target

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.

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Buyer(S) 1

Buyer

Jam City

Culver City, California, United States
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 7 of 8
Sector (Digital Media) 7 of 8
Type (Add-on Acquisition) 6 of 6
Country (Germany) 1 of 1
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-28 Bingo Pop

Ontario, Canada

Bingo Pop is a bingo mobile game based in Canada.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-08 Ludia

Montreal, Quebec, Canada

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.

Buy $165M
Mergr

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