The mobile game developer secured $350m from investors including Netmarble and Kabam and has closed the purchase of gaming studio Ludia.
US-based mobile entertainment company Jam City has received $350m in equity and debt financing from investors including mobile game publishers Netmarble and Kabam.
The round was filled out by asset manager Fortress Investment Group and the proceeds were partially used to complete the acquisition of mobile game studio Ludia from Fremantle, a television production subsidiary of media group Bertelsmann, for $165m.
Jam City develops a wide range of mobile games, some in collaboration with entertainment and film studios. Ludia’s current…
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
