London float mulled for RuneScape developer telegraph.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from telegraph.co.uk Daily Mail and Mail on Sunday newspapers.
RuneScape developer Jagex has been moved from pillar to post over the past couple of years acquired three times since 2016.
Despite the revolving door parade of parents above it, Jagex CEO Phil Mansell tells GamesIndustry.biz the company has been able to push forward and expands in the ways it has always wanted to. The hope has been that the studio ends up with the right long-term owner something he believes has been found in The Carlyle Group. The most important thing for us was can we get to a long-term investor who really buys into the company and the things we want to be doing, he says. Despite some of the distractions in recent years, we have been able to continue to build and get the right things done.
Published 26 Jan, 2021
Jagex, UK-based developer of massively multiplayer game RuneScape, have been bought by private equity firm The Carlyle Group. The sale was reported late last week by The Telegraph, and the Carlyle Group confirmed the deal yesterday, stating that they intended to speed up the studio s content creation and launch new games, according to GI.biz.
Now the sale is being disputed in a lawsuit by another private equity firm, Plutos Sama Holdings.
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This gets messy quick. Jagex was bought last year by US asset management firm Macarthur Fortune Holding, from Chinese mining company Shanghai Hongtou Network Technology, for around $530 million (roughly £390 million). Macarthur have now sold Jagex to The Carlyle Group for an undisclosed sum expected to be higher than last year s sale.
The Carlyle Group Scoops Up RuneScape Dev Jagex By Wes Davis on January 26, 2021
Jagex, the UK development studio and game publisher most known for the world’s most popular free-to-play MMORPG, RuneScape, has announced that it has been acquired by The Carlyle Group. The American investment firm, known for its 90s and early 2000s investments in the weapons and machinations of war, shifted its focus in the mid-2000s to more freeform dabbling – in telecoms, automobile rental, streetwear, oil pipelines as well as cinema and semiconductor tech. Now, they seem to have turned their all-seeing, flaming-Eye-of-Sauron gaze to the ballooning world of gaming.
Runescape now backed by $230 billion investment firm tweaktown.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tweaktown.com Daily Mail and Mail on Sunday newspapers.