Jam City sells Ludia game studio to Canadian institutional investors

Jam City said it agreed to sell its Montreal-based Ludia mobile game studio (and its games) to a consortium of Canadian institutional investors. While Jam City said it was not actively seeking a sale, the investment group presented the company with a compelling offer to acquire the studio. As one of the company’s ten global studios, the sale is not expected to significantly impact Jam City’s overall business. Jam City remains focused on its core portfolio which includes its largest and most popular casual narrative and puzzle-style premium titles, and its pipeline of upcoming game releases slated for 2025 and 2026 remains unchanged. Jam City is fully committed to ensuring a seamless transition for the Ludia team. “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,” said Josh Yguado, cofounder and CEO of Jam City, in a s ... Read full article.