Jam City, a Los Angeles-based mobile game developer, completed the sale of its Montreal-based studio, Ludia, to a consortium of Canadian institutional investors. The transaction was initiated by an unsolicited offer from the investors, leading to an agreement in principle, which was subsequently approved by the Canadian Competition Bureau. The consortium includes Fonds de solidarité FTQ, Investissement Québec, BDC Capital Growth Equity Partners, Export Development Canada (EDC), and Groupe W, with additional support from National Bank. As part of the transition, Ludia's CEO, Jimmy Gendron, continues to lead the company, and founder Alexandre Thabet returns as Chairman of the Board. Ludia plans to operate independently, focusing on growth and expansion within the mobile gaming industry.