RuneScape maker Jagex has a brand new owner

Date Type Companies involved Size
April 28th, 2020 acquisition Jagex $530m
RuneScape maker Jagex has a brand new owner

RuneScape maker Jagex has finally been sold by Chinese company Shanghai Fukong.

The firm revealed today that it has been acquired by Macarthur Fortune Holding via its Platinum Fortune fund for $530m. Platinum Fortune also bought Shanghai Fukong's Hongtou Network, the division under which Jagex sat. Macarthur plans to grow the RuneScape playerbase via strategic investment and marketing.

Macarthur Fortune is an asset management company based in the US which reportedly has worked with video games firms in the past, though hasn't been able to find any of these deals. The firm was incorporated in the state of Delaware on February 19th, 2020, around the same time it bought Platinum Fortune from Plutos Sama Holdings. 

“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 (pictured) in a statement.

News that Jagex was up for sale broke at the start of 2019, when Shanghai Fukong announced its intention to sell part or all of its stake in the company. The Chinese firm snapped up the RuneScape maker in 2016.

There were rumours that Jagex had been sold during the summer of 2019, with reports later in the year pointing to... the company being bought by Platinum Fortune for $530m. At the time, Jagex denied this news as it had not been confirmed and Chinese companies are obliged to publicly announce anything they are even intending to do.

Jagex hit an all-time membership high for RuneScape during 2019

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 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, VGC, Games London, The Observer/Guardian and Esquire UK.