May 20, 2021

Jam City set to acquire Ludia and go public via SPAC at $1.2 billion valuation

Jam City, News, Press

LA mobile gaming outfit Jam City is set to acquire Canadian studio Ludia before merging with special purpose acquisition company (SPAC) DPCM Capital to go public.

As reported by Bloomberg, people close to the matter – that wished to not be identified – claimed that the combined valuation of the company would be  around $1.2 billion.

South Korean mobile developer Netmarble, which is already an investor in Jam City, was said to have helped raise support for a $100 million private placement.

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