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CMS advises on the sale of 231 Play GmbH to Jam City

10/04/2019

Berlin – IWEF Verwaltungs GmbH ("IWEF") sold its shares in 231 Play GmbH to JCBE GmbH, a German subsidiary of the US-based Jam City Inc. ("Jam City"). The shareholders of IWEF, Dr. Matthias and Thomas Höchsmann will continue to manage the development and operations of the company’s new Berlin studio under the name Jam City Germany GmbH. The terms and conditions of the transactions have not been disclosed by the parties.

A CMS team headed by the Partner Ralf Kurney has advised IWEF on all legal aspects of this transaction.

Jam City Germany GmbH regards itself as an innovative and data-driven mobile gaming studio that strives to update and reimagine timeless game mechanics to usher them into the current age of digital gaming.

Jam City is a leading company in the field of mobile entertainment. The company was founded in 2009 by MySpace co-founder and CEO Chris DeWolfe and former 20th Century Fox executive Josh Yguado.

CMS Germany

Ralf Kurney, Lead Partner
Patrick Lühr, Senior Associate
Vera Wahl, Associate, all Corporate M&A
Dr. Jens Moraht, Partner
Anne Neumann, Senior Legal Consultant, both Banking & Finance
Dr. Martina Jentsch, Counsel, Labor, Employment & Pensions
Dr. Ole Jani, Partner
Senta Leyke-Andrä, Associate, both Intellectual Property & Data Protection
Jesko Nobiling, Partner
Dr. Stephan Hoyer, Senior Associate, both Tax
Martin Cholewa, Senior Associate, EU & Competition

USA

Richard E. Neff, Neff Law Firm

Press Contact 
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