RuneScape developer Jagex acquired for £900 million
CVC Capital Partners and Haveli Investments have announced the acquisition of Jagex, the developer of the MMORPG RuneScape, for £900 million.
The details:
Reports of the acquisition first surfaced earlier this week (via Sky News), when it was claimed that former owner Carlyle Group had reached an agreement with Luxembourg-based private equity firm CVC Capital Partners. The company owns more than €188 billion in assets, including investments in the Six Nations Rugby Tournament, La Liga Spanish soccer league, and the Hermes courier service.
CVC has now confirmed the acquisition alongside Haveli Investments, an Austin, Texas-based firm that has invested in several gaming companies, including Omeda Studios and Behaviour Interactive. The specific terms of the acquisition have not yet been made public.
Jagex, which was founded in 1999, has had many owners over the years, with Insight Venture Partners becoming a majority shareholder in 2012, selling to Hongtou in 2016, then selling to Macarthur Fortune Holding in 2020, before being passed onto Carlyle in 2021. Carlyle reportedly hoped for a £1 billion evaluation for Jagex when it began its attempts to sell the company last year.
More gaming news:
Assassin's Creed Codename Red will be released by the end of March 2025, according to Ubisoft.
Take-Two has confirmed that it is preparing for another cost-cutting program, but there are no plans for layoffs at present.
