RTL Group to own 80 per cent of the Montreal studio
Canadian mobile game studio Ludia says it will sell a controlling 51 per cent share of the company to RTL Group, said to be Europe’s largest television and radio broadcast company.
RTL division FremantleMedia will benefit from the takeover, with the firm now owning 80 per cent of Ludia.
Financial terms of the sale were not disclosed. The sale is hoped will be finalised before the end of the year.
Both Ludia and FremantleMedia have collaborated since 2008 on numerous titles across a wide range of platforms, from consoles to PCs, to iPhone and iPad applications
“Ludia is a leading creator of video games, and after building a successful relationship over the last few years we are delighted to fully welcome them into the family,” said FremantleMedia CEO Tony Cohen.
“Interactive gaming is an important way for FremantleMedia to diversify and this will increase our expertise and capability in this area, allowing both companies to develop even more successful consumer-facing entertainment across multiple platforms.”