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New Local Ownership to Support Growth, with 50 Jobs Created and Acquisitions Planned
MONTRÉAL, March 4, 2025 /CNW/ - Montréal-based video game studio Ludia is back in Canadian hands following a buyout led by local shareholders and members of its senior management team. The acquisition from U.S.-based Jam City was finalized in recent days, marking a significant milestone for the studio.
As part of this transition, Jimmy Gendron has been appointed Chief Executive Officer, tasked with steering Ludia into a new era of growth and innovation.
"This return to independence marks the beginning of an exciting new chapter for Ludia. I am thrilled about our future, driven by the talent of our team and the support of top-tier financial partners. We now have the opportunity to bring an ambitious vision to life, delivering games that captivate millions of players worldwide," said Gendron.
Additionally, Alexandre Thabet, who founded Ludia back in 2007, is rejoining the company as a shareholder and will serve as Chairman of the Board.
"It is with great emotion and immense pride that I take part in this announcement today. Thanks to local financial backing and one of the most experienced leadership teams in Canada's mobile gaming industry, Ludia is poised to move towards its ambitions for the future," added Thabet.
This transaction is backed by major...