Hi everyone. We have one of those corporate announcements for you - Jagex has a new parent company!
As previously shared, last year Fukong Interactive advised that it was considering the sale of assets, with Jagex as a potential option. Today, we’re happy to confirm that we are now under new ownership of Macarthur Fortune Holding LLC, a global asset management company that shares our passion for games.
Here's the statement in full:
Macarthur Fortune Holding LLC acquires Jagex
Tuesday, 28th April 2020, (2pm UK / 9am EST) -- Macarthur Fortune Holding LLC, a global asset management company, has announced that it has acquired Jagex, one of the UK's largest video game developers and publishers, for $530million through one of its funds, Platinum Fortune LP, 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.
Macarthur Fortune shares Jagex's passion for video games, and is dedicated to utilizing 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 its 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.”
We'll share any more relevant information as we move forward. But rest-assured - our new owners believe in our vision for our games, and it’s business as usual for everyone at Jagex (other than the fact that we’re all currently working from home!). Our focus remains on delivering great RuneScape and Old School experiences to you, our amazing community of players.
The Old School Team