#GamingBusiness

Just after 3.5 years. Jam City is cutting loose its Montreal-based studio, Ludia, selling it to a consortium of Canadian institutional investors in a deal currently under review by the Canadian Competition Bureau. The price tag? Still under wraps. A Jurassic Exit The sale includes Ludia’s full game catalog, home to mobile hits like Jurassic World: The Game, Jurassic World Alive, and Ninja Turtles: Legends. Despite the shake-up, Jam City claims the move won’t disrupt its core business, as its biggest successes come from casual narrative and puzzle-style games. A Quick Flip The deal comes less than 3.5 years after Jam City acquired Ludia for $165M, backed by a $350M funding round as part of its ambitious—but ultimately scrapped—plan to go public at a $1.2B valuation. Now, Ludia is being sold off. "If the sale is approved, we’re committed to […]

Autogun Heroes developer Nitro Games delivered a standout year in 2024, with revenue surging 29% to €11.4M ($12.3M) and EBITDA skyrocketing 241% to €2.4M ($2.6M). Net profit more than doubled, hitting €475K ($495K), up 114% YoY. Q4 Snapshot: Revenue: €3M ($3.2M) (+5.3% YoY) EBITDA: €556K ($578K) (-29.3% YoY) Net profit: €78K ($82K) (-74% YoY) Nitro Games credits its success to an expanding game portfolio—including Autogun Heroes, NERF: Superblast, Warframe Mobile, and an upcoming Netflix project—along with tight cost control. The studio also highlighted growing demand for cross-platform titles, particularly those with mobile support. "All-Time High" CEO Jussi Tähtinen emphasized the studio’s momentum:📈 €9.4M in new B2B orders & partnerships🔥 Profitability sustained despite market challenges🎯 Expanding shooter/action brands across platforms "Looking at our history, this isn’t a one-off—it’s a logical next step. We stayed profitable throughout 2024 while investing in future […]

Newly formed UK-based digital board game developer and publisher Meeple Corp has raised £500,000 ($629K) in pre-seed funding to accelerate its mission of bringing tabletop games to digital platforms. Founded by former Marmalade Game Studio senior programmer Matt Hilson and ex-Electric Square game designer Harri Elmer, Meeple Corp partners with publishers to digitize board games. Its debut title, Kingdomino Digital, is set to launch later this year. Investors include Hiro Capital, The Mini Fund, and industry angels. Hiro Capital co-founder Ian Livingstone praised the team, stating that the investment supports their vision to create top-tier digital board game experiences. CEO Matt Hilson emphasized the company's goal of expanding game communities and advancing technology to offer fresh experiences for board game fans. Source: PocketGamer

Prepared by our partner Investgame, cheers! US-based mobile gaming and ad tech company AppLovin (NASDAQ: APP) has signed a term sheet to sell its entire mobile gaming division for $900m to an undisclosed private company, according to an SEC filing. The consideration will be $900m, paid in $500m in cash and $400m in common shares of the acquirer. To finance the cash portion, the acquirer will borrow up to $250m, and if it fails to secure such funding, AppLovin will provide financing through promissory notes. The mobile gaming division comprises 10 studios, including Machine Zone, PeopleFun, Magic Tavern, Lion Studios, Belka, Athena, Clipwire, Leyi, ZenLife, and Zero Gravity. Deal multiples (based on 2024 Apps Segment Financials) are shown in the table below, calculated using adjusted EBITDA, which excludes stock-based compensation and restructuring costs and may exclude some central group costs. […]