Jam City sells Ludia game studio to Canadian institutional investors

Urban Montreal said that he agreed to sell Ludia Mobile game studio (and games) to the consortium of Canadian institutional investors.

Cem City said it was not looking for sale, invested in the investment group company
with an obligatory proposal to get the studio. Sales as one of the company’s ten global studios
It is not expected to significantly affect the general work of CEM City.

Jam City, the largest and most popular casual narrative and puzzle-type reward titles and the pipelines of burning game broadcasts for 2025 and 2026 remains unchanged. Cem city is fully committed to ensuring a seamless passage for the Ludia team.

“We are incredibly proud of the inheritance of Ludya’s talented team and in the middle of the middle core and AR. They are a very skilled and creative group and Luda’s brilliant future,” said Josh Yguado, COPOUNDER and CEO CEO Director General Jam.

About 130 of Ludia’s employees will pass the new management under CEO Jimmy Gendron. Ludia will operate independently, will manage the portfolio from the Montreal headquarters.

First of all, Jam will remain in Jam, a small number of Ludia employees supporting the city names. Ludia General Director Jimmy Gendron, in a statement, “Thank you deep to our partners and teammates in Cem for aggression and cooperation. This passage is a new chapter for Ludia and a step in our journey as an independent company.”

Jam City games such as Cookie Jam and Panda Pop earned $ 4 billion and 1.5 billion downloads.

Both sides currently agreed to the principles of the Canadian Bureau of Competition.

Ludia, who was obtained in 2021, is the ten Jam city studio and only the medieval team. The company’s largest and most popular games of the company’s largest and most popular games are casual narrative and puzzle-style premium mobile titles.

In September 2021, Jam, Montreal-Based Ludia, bought $ 165 million.

Ludia, Dreamworks did games like Dragons: Titanium rebellion, but also the world of Jura: alive.