By Alex Lowe
Jam City, a leading mobile game company that has owned intellectual property and some of the top licensed games, is going public in a SPAC deal announced Thursday morning.
What Happened: The SPAC deal is with Dpcm Capital Inc (NYSE: XPOA). The deal values Jam City at $1.2 billion and includes the acquisition of mobile gaming company Ludia Inc.
Going public will help Jam City continue its growth strategy that includes more M&A and a pipeline of licensed games.
Jam City investor Netmarble will own a significant portion of the combined company upon closing.