.
MergerLinks Header Logo

Announced

Jam City and DPCM Capital mutually terminate the $1.2bn SPAC merger deal.

Financials

Edit Data
Transaction Value£847m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Friendly

United States

Acquisition

De-SPAC

Reverse Takeover

mobile entertainment

Gaming

Domestic

Private

Majority

mobile games

Single Bidder

Failed

Synopsis

Edit

Jam City, a mobile entertainment company behind some of the world’s highest grossing mobile games, and DPCM Capital, a publicly traded special purpose acquisition company, mutually terminate the $1.2bn SPAC merger deal. In light of current market conditions, DPCM Capital and Jam City believe that terminating the business combination agreement is the best path forward for the parties and their respective stockholders. DPCM Capital intends to continue to pursue a business combination and is proceeding to evaluate alternative business combinations.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US