May 20, 2021

Harry Potter, Jurassic World and Disney Mobile Game Company Jam City Lands SPAC Deal

Jam City, News, Press

By Chris Katje

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 XPOA 0.2%. 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.

The new company will trade with the ticker JAM on the NYSE. Current XPOA shareholders will own 24% of the new company after the merger is completed.

Click Here for Full Article