Jam City is reportedly in the process of selling Jurassic World: Alive maker Ludia to an unnamed group of Canadian investors.
PocketGamer.biz reports that a deal has been agreed in principal, but the fee is currently undisclosed.
[Update: Jam City boss Joshua Yguado has confirmed that its sale of Ludia is now complete. “Although we were not pursuing a sale, Ludia has steadily grown its profitability over the past four years, and we received an incredibly compelling, unsolicited offer that I believe represents a great opportunity for both Ludia and Jam City,” he said on LinkedIn. Ludia CEO Jimmy Gendron will now assume full control of the company, he added.]
“The sale is not expected to have a significant impact on Jam City’s overall business, as the company’s largest and most popular games are casual narrative and puzzle-style premium mobile titles,” a Jam City spokesperson told PocketGamer.biz.
“If the sale is approved, Jam City is committed to providing a seamless transition that supports the continued success of Ludia,” the statement concluded.
Ludia’s portfolio includes builder-battler Jurassic World: The Game, Pokémon Go-alike Jurassic World Alive, dating game Lovelink, Dragons Rise of Berk, Dragons Titan Uprising and Teenage Mutant Ninja Turtles: Legends.
Of those titles, Appmagic estimates suggest that Jurassic World: The Game has pulled in the most IAP revenue in the last 30 days with $1.9m. Alive has generated $1.5m in the same period, and Dragons: Rise of Berk earned Ludia around $770k. The rest are much smaller titles.
Jam City acquired Ludia in 2021 for $165m, and at the same time announced $350m in new funding. A little over a year later, in August 2022, Jam City laid off between 150-200 employees as part of a 17% headcount reduction.
The following year, in June 2023, we reported that Ludia had laid off up to 55 staff.
