Luxembourg/Cologne, 8 September 2021 - RTL Group today announced that its global content business, Fremantle, has completed the sale of its 100 per cent shareholding in Ludia Inc. to US-based mobile entertainment company Jam City for US-$165 million (€139 million). RTL Group's shareholders will benefit from the transaction in line with the stated dividend policy.
In 2009, Fremantle acquired an initial stake of 29 per cent in Ludia, before increasing its shareholding to 100 per cent between 2010 and 2014 for a total consideration of €33 million. Under Fremantle's ownership, Ludia has achieved substantial growth, doubling its revenue since 2013.
The sale of Ludia - one of Canada's leading mobile video game companies - is consistent with RTL Group's strategy of three priorities: core, growth, alliances & partnerships. The strategy includes continuously reviewing RTL Group's portfolio and growing its European digital businesses in the areas of streaming and advertising technology, alongside the Group's global content business, Fremantle.
In August 2021, RTL Group announced that it aims to increase Fremantle's full-year revenue to €3 billion by 2025. To reach this target and to keep up with the increasing demand for content, RTL Group will significantly invest in Fremantle - both organically and via acquisitions - in all territories across scripted, non-scripted as well as factual shows and documentaries.
RTL Group SA published this content on 08 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 September 2021 14:11:02 UTC.