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RuneScape developer Jagex is being acquired by a private equity fund

By Dr. Eleanor Vance | Published on January 01, 0001

Update: And just like that, the deal is done: Private equity company CVC has from current owner Carlyle Group in a deal that Jagex CEO Phil Mansell said will enable it to "continue to enhance our platform for the good of both our existing valued gamers and potential new gamers yet to experience our products.”

"We are huge fans of the RuneScape games, the large global community of players, and the Games-as-a-Service capability at Jagex," CVC Sports, Media and Entertainment head Nick Clarry said. "Our ambition is to bring relevant experience from our sports, media & entertainment assets to help realise the full potential of Jagex over the years ahead."

The cost of the acquisition agreement was not revealed but previous reporting pegged the figure at £900 million. The deal is still subject to regulatory approval.

A private equity company behind the Six Nations Rugby tournament is on the verge of buying RuneScape developer Jagex for a cool £900 million, according to a by Sky News.

CVC Capital Partners is a Luxembourg-based that "manages €118 billion of assets". Its investment portfolio includes the Six Nations Rugby Tournament, the courier service Hermes, and the RAC. It also previously owned Formula 1, which it sold to Liberty Media in 2016.

Now, according to Sky News, the firm is in "advanced talks" to purchase Jagex from its current owner Carlyle Group, which has owned the Cambridge-based developer since January 2021. A source told Sky News that the deal had been arranged by CVC's sports, media and entertainment team alongside UK partners, as part of a move to invest in IPs with large international fan communities.

Carlyle reportedly considered an initial public offering, but ultimately opted to sell the company outright. It hoped to achieve a valuation of £1bn for Jagex, but uncertainties expressed by สมัคร winner55 เครดิต ฟรี 188 several private equity firms about Jagex's business pipeline lowered Carlyle's prospects.

For RuneScape though, acquisitions are nothing new. If it goes through, CVC's purchase would mark the fourth time in less than a decade that RuneScape has been . Carlyle Group bought Jagex from Macarthur Fortune Holding, who bought it from Shanghai Hongtou Network Technology less than a year before selling it to Carlyle. Shanghai Hongtou, in turn, made the initial purchase of the company in 2016. At this rate, expect CVC to sell RuneScape to Lotsa Money Group sometime in the next six months.

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