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Jam City sells Ludia game studio to Canadian institutional investors
Jam City 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 companywith a compelling offer to acquire the studio. 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 statement. The sale is not expected to have a significant impact on Jam City’s overall business, as the company’s largest and most popular games are casual narrative and puzzle-style premium mobile titles.
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