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Jam City acquires mobile studio Ludia for $165 million after record investment

The news comes shortly after Jam City scrapped plans to go public via a merger with DPCM Capital.

Chris Kerr, News Editor

September 8, 2021

1 Min Read

Mobile game company Jam City has acquired Jurassic World Alive developer Ludia for $165 million off the back of a new $350 million investment.

Jam City is best known for developing Harry Potter: Hogwarts Mystery and Cookie Jam, and said the Ludia deal fits its long-term strategy of acquiring studios that specifically develop and publish licensed games.

As well as working on multiple titles that utilize the Jurassic World license, Ludia intends to continue expanding its mobile portfolio using licenses from DC, Disney, Universal Pictures, and Amblin Entertainment.

In connection with the deal, Jam City also raised $350 million in equity and debt financing from Netmarble, Kabam, and affiliates of the Fortress Investment Group. The funding round is Jam City's largest to date, and comes after the U.S. company scrapped plans to go public via a merger with DPCM Capital.

Jam City co-founder and CEO, Chris DeWolfe, said both moves solidify the company's strategy of "acquiring great companies across the globe and heavily investing in our current studios."

About the Author(s)

Chris Kerr

News Editor, GameDeveloper.com

Game Developer news editor Chris Kerr is an award-winning journalist and reporter with over a decade of experience in the game industry. His byline has appeared in notable print and digital publications including Edge, Stuff, Wireframe, International Business Times, and PocketGamer.biz. Throughout his career, Chris has covered major industry events including GDC, PAX Australia, Gamescom, Paris Games Week, and Develop Brighton. He has featured on the judging panel at The Develop Star Awards on multiple occasions and appeared on BBC Radio 5 Live to discuss breaking news.

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