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RTL Group's Fremantle Completes Sale Of Canadian Mobile Video Game Company Ludia

RTL Group said 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.

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 euros.

In August 2021, RTL Group announced that it aims to increase Fremantle's full-year revenue to 3 billion euros by 2025. To reach the target and to keep up with the increasing demand for content, RTL Group will significantly invest in Fremantle in all territories across scripted, non-scripted as well as factual shows and documentaries.

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