Jam Metropolis mentioned it agreed to promote its Montreal-based Ludia cellular recreation studio (and its video games) to a consortium of Canadian institutional traders.
Whereas Jam Metropolis mentioned it was not actively searching for a sale, the funding group introduced the corporate
with a compelling provide to amass the studio. As one of many firm’s ten international studios, the sale
is just not anticipated to considerably impression Jam Metropolis’s general enterprise.
Jam Metropolis stays targeted on its core portfolio which incorporates its largest and hottest informal narrative and puzzle-style premium titles, and its pipeline of upcoming recreation releases slated for 2025 and 2026 stays unchanged. Jam Metropolis is absolutely dedicated to making sure a seamless transition for the Ludia staff.
“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 Ludia’s bright future,” mentioned Josh Yguado, cofounder and CEO of Jam Metropolis, in an announcement.
Roughly 130 of Ludia’s staff will transition to new management underneath CEO Jimmy Gendron. Ludia will function independently, managing its portfolio from its Montreal headquarters.
A small variety of Ludia staff primarily supporting Jam Metropolis titles will stay with Jam Metropolis. Jimmy Gendron, CEO of Ludia, mentioned in an announcement, “We are deeply grateful to our partners and teammates at Jam City for their support and collaboration. This transition marks an exciting new chapter for Ludia — one where we embrace new opportunities and take the next step in our journey as an independent company.”
Jam Metropolis’s video games like Cookie Jam and Panda Pop have generated $4 billion and 1.5 billion downloads thus far.
Each events have come to an settlement in precept that’s at the moment underneath evaluate by the Canadian Competitors Bureau.
Ludia, acquired in 2021, is considered one of ten Jam Metropolis studios, and its solely mid-core staff. The sale is just not anticipated to have a big impression on Jam Metropolis’s general enterprise, as the corporate’s largest and hottest video games are informal narrative and puzzle-style premium cellular titles.
Jam Metropolis purchased Montreal-based Ludia for $165 million in September 2021. Below Jam Metropolis, Ludia launched its DC Heroes & Villains recreation, a match-3 puzzle RPG in 2021.
Ludia additionally made video games corresponding to DreamWorks Dragons: Titan Rebellion in addition to Jurassic World: Alive.
