Jam City Plans $1.2 Billion SPAC

Los Angeles-based mobile games publisher Jam City is planning to go public via a $1.2 billion special purpose acquisition company (SPAC) transaction, according to Bloomberg, citing "people with knowledge of the matter". The SPAC--only the latest in a string of SPAC transactions in Southern California's techn industry--will see DPCM Capital acquire Jam City, as well as a Montreal, Canada-based game publisher, Ludia, Inc. Ludia is the publisher of a number of games based on the Jurassic World movies. DPCM Capital is run by a former Uber Technologies executive, Emil Michael. Jam City was formerly known as SGN.