News

RuneScape dev Jagex has been acquired by The Carlyle Group

Reported to be more than the $530 million valuation

Date Type Companies involved Size
January 25th, 2021 acquisition Jagex
The Carlyle Group
Not disclosed
RuneScape dev Jagex has been acquired by The Carlyle Group

UK-based games firm Jagex has been bought once again, this time by investment giant The Carlyle Group.

The news was broken by The Telegraph, with the RuneScape maker confirming that it was in new hands once again.

No figure has been put on the deal, but reports point to Jagex having a higher price tag now than when it was bought by Macarthur Fortune Holding in April 2020.

Prior to this, the company was owned by a Chinese investor known as Shanghai Fukong before selling to Macarthur Fortune Holding for $530 million. 

Growth strategy

“I am so proud that Jagex is teaming up with Carlyle, a prestigious investment group that believes in the potential of Jagex, our vision for growth, and will support us in accelerating our multi-year growth strategy," said Jagex CEO Phil Mansell.

"We will continue to expand our game teams to create and deliver more great content for RuneScape and Old School RuneScape."

The Carlyle Group managing director Patrick McCarter added: “The global video games market is large and growing, and within this, the global massively multiplayer online role-playing game (MMORPG) sub-sector is particularly attractive.

"We have been impressed with Jagex’s market position, strong track record of revenue and market share growth, as well as the experience and passion of the team.”

 


PCGamesInsider Contributing Editor

Alex Calvin is a freelance journalist who writes about the business of games. He started out at UK trade paper MCV in 2013 and left as deputy editor over three years later. In June 2017, he joined Steel Media as the editor for new site PCGamesInsider.biz. In October 2019 he left this full-time position at the company but still contributes to the site on a daily basis. He has also written for GamesIndustry.biz, VGC, Games London, The Observer/Guardian and Esquire UK.

Comments

No comments
View options
  • Order by latest to oldest
  • Order by oldest to latest
  • Show all replies