May 20, 2021

DIS Stock – (XPOA), Walt Disney Company (The) (NYSE:DIS) – Harry Potter, Jurassic World and Disney Mobile Game Company Jam City Lands SPAC Deal

Jam City, News, Press

By Alex Lowe

DIS Stock – (XPOA), Walt Disney Company (The) (NYSE:DIS) – Harry Potter, Jurassic World and Disney Mobile Game Company Jam City Lands SPAC Deal

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.

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