Jam City To Go Public in $1.2 Billion Business Combination with DPCM Capital

May 20, 2021

Century City – Paul Hastings LLP, a leading global law firm, announced today that it advised Netmarble in the $1.2 billion business combination of Jam City, a leading mobile entertainment company behind some of the world’s highest grossing and most enduring mobile games, and DPCM Capital, Inc., a publicly traded special purpose acquisition company. The transaction will result in Jam City becoming a publicly traded company on the New York Stock Exchange under the ticker symbol “JAM.”

In conjunction with the closing of the business combination, Jam City will acquire a leading Montreal-based mobile game publisher Ludia, Inc. from FremantleMedia Canada Inc., bringing together two highly creative leaders in mobile gaming and further strengthening Jam City’s market position and global player network. The combined company’s well-balanced, diversified portfolio of critically acclaimed, top grossing games is expected to include Harry Potter: Hogwarts MysteryCookie JamPanda Pop; and Jurassic World Alive.

A group of leading institutional investors, along with Netmarble, DPCM’s sponsor, and members of the combined company management teams have committed to a private investment of $100 million in Class A common stock of the combined company that will close concurrently with the business combination. Proceeds from the transaction will be used to finance the acquisition of Ludia from Fremantle, provide liquidity to an early investor, and pay fees and expenses associated with the transaction.

The Paul Hastings team that advised Netmarble was led by partner David Hernand, and included partners Dong Chul Kim and Doug Schaaf; of counsels Amy Lawrence and James Shea; and associates Ryan Samii and Julian Alsarhn.

At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.


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