RuneScape maker Jagex acquired for $530 million
Management team of Cambridge-based company to remain in place
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.
