RuneScape maker Jagex acquired for $530 million

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RuneScape maker Jagex has been acquired by US-based asset management company Macarthur Fortune Holding for $530million through one of its funds, Platinum Fortune.

The UK developer and publisher was sold by Shanghai Hongtou Network Technology, which was also acquired by Platinum Fortune.

The Jagex management team will remain in place at the company, which was founded in 1999 and employs 400 staff at its Cambridge headquarters.

“The combined strength of Macarthur Fortune and Jagex will both support and enhance our strategic plan to deliver great gaming experiences to our communities of RuneScape players and build on our portfolio with more living games for a global audience,” said Jagex CEO Phil Mansell.

RuneScape has generated over $1 billion in lifetime revenue, with some 280 million player accounts created since the free-to-play fantasy MMO released in 2001.



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Related Forum: PC Gaming Forum

Source: https://www.videogameschronicle.com/news/runescape-maker-jagex-acquired-for-530-million/

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"RuneScape maker Jagex acquired for $530 million" :: Login/Create an Account :: 10 comments

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AnimePosted:

I remember back in the day playing RuneScape, not surprised for million number. even to this day some people still play.

FluxologyPosted:

Runescape RWT for 530mil

SaidPosted:

I used to love runescape, so thats a hell alot of money to sell it for!

PawsPosted:

I remember messing around on RuneScape as a kid but never really getting into it. That's an insane amount of money though like wow..

TarkovPosted:

That's crazy Jagex caved and sold it for 500mil

IntPosted:

iTOKEnCHOKE RuneScape is such a fun game.


I really could never get into it and all my friends play it... It's a shame because I feel like I'm missing out but it's just not for me.

GossipPosted:

Now that's crazy to think about. Runescape was fun back in the day. $530M that's wild.

GhostPosted:

I didn't even know runescape was even still an existing game lmao, great to see some companies are investing in there old team though!

iTOKEnCHOKEPosted:

RuneScape is such a fun game.

IntPosted:

That's actually crazy! It's good they are keeping their staff/management team as well!


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