May 19, 2021

Mobile-Game Maker Jam City to Go Public Via SPAC Merger

Jam City, News, Press

By Crystal Tse

Jam City Inc., the developer behind mobile game Cookie Jam and Disney Pop Town, has agreed to go public in a reverse merger with a blank-check company, according to people with knowledge of the matter.

As part of the transaction, Jam City is acquiring Montreal-based game publisher Ludia Inc., said the people, who asked not to be identified because the information is private. The two companies will combine with DPCM Capital Inc., the special purpose acquisition company set up by a former Uber Technologies Inc. executive, the people said.

The combined company will have a valuation of $1.2 billion including debt, said the people. Representatives for Jam City, DPCM and Ludia declined to comment.

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