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    RRTL   LU0061462528

RTL GROUP S.A.

(RRTL)
  Report
Delayed Quote. Delayed Xetra - 11/26 11:35:14 am
45.54 EUR   -3.11%
11/15RTL GROUP : Raised to Buy by Warburg Research
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11/11An introduction to RTL Group (pdf, 4.37 Mb)
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11/08RTL GROUP : DZ Bank remains Neutral
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RTL's Fremantle Sells Canadian Videogames Maker Ludia for $165 Million

09/08/2021 | 09:07am EST

By Ed Frankl

RTL Group SA said Wednesday that its subsidiary Fremantle completed the sale of Ludia Inc. to U.S.-based mobile entertainment company Jam City for $165 million.

Ludia, a Canadian mobile videogame company, has a portfolio of titles including the Jurassic World games and upcoming DC and Disney titles, Jam City said.

Fremantle acquired an initial stake of 29% in Ludia in 2009, before increasing its shareholding to 100% between 2010 and 2014 for a total consideration of EUR33 million ($39.1 million), RTL said.

"With a growing portfolio of evergreen titles and the company's most ambitious slate of upcoming games in the company's history, it was time for Ludia to find the right strategic partner," Alex Thabet, Ludia's co-founder and chief executive, said.

In connection with the acquisition, Jam City said it raised $350 million in equity and debt financing from Netmarble, Kabam and affiliates of funds managed by Fortress Investment Group.

"The latest round of funding solidifies our strategy of acquiring great companies across the globe and heavily investing in our current studios," Jam City CEO Chris DeWolfe said.

Write to Ed Frankl at edward.frankl@dowjones.com

(END) Dow Jones Newswires

09-08-21 1107ET

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Analyst Recommendations on RTL GROUP S.A.
More recommendations
Financials
Sales 2021 6 481 M 7 335 M 7 335 M
Net income 2021 644 M 729 M 729 M
Net cash 2021 462 M 522 M 522 M
P/E ratio 2021 10,7x
Yield 2021 9,70%
Capitalization 6 991 M 7 911 M 7 912 M
EV / Sales 2021 1,01x
EV / Sales 2022 0,93x
Nbr of Employees 15 960
Free-Float 23,7%
Chart RTL GROUP S.A.
Duration : Period :
RTL Group S.A. Technical Analysis Chart | RRTL | LU0061462528 | MarketScreener
Technical analysis trends RTL GROUP S.A.
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 9
Last Close Price 45,54 €
Average target price 55,94 €
Spread / Average Target 22,8%
EPS Revisions
Managers and Directors
Thomas Hermann Rabe Chief Executive Officer & Executive Director
Bj÷rn Bauer Chief Financial Officer
Martin Taylor Chairman
Vincent Jean Hubert Pascaud Senior Vice President-Group IT & IT Governance
Elmar Heggen COO, Deputy CEO & Executive Director
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