Jagex goes from Chinese to US ownership in $530m sale
Cambridge games developer Jagex has been sold for the second time in four years.
US-based Macarthur Fortune Holding LLC, a global asset management company, has paid $530 million for Jagex through one of its funds, Platinum Fortune LP. It has acquired the company from Shanghai Hongtou Network Technology.
Hongtou Network (Hong Kong) was also acquired by Platinum Fortune LP. The management team of Jagex, headquartered in Cambridge, UK, will remain in place.
Jagex was sold to Shanghai Hongtou for a sum believed to be around $300m in March 2016.
Macarthur Fortune says it shares Jagex’s passion for video games and is dedicated to utilising its experience and expertise to add value to one of the longest-standing video game developers through strategically investing in R & D and marketing to attract new players to the RuneScape franchise of games.
Phil Mansell, Jagex CEO, said: “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.”
Jagex has welcomed more than 280 million player accounts to RuneScape’s game world and created a $1 billion lifetime-revenue franchise. It employs more than 400 people in Cambridge.