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 PCGamesInsider.biz 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.