It Looks Like Runescape's JAGEX Is About To Have A New Owner...Again
Rumor has it the current owner is in negotiations to sell the Runescape developer for a little over $1B.
Several months after the first rumors of current Jagex owner Carlyle Group looking to sell the Runescape developer came out, Sky News is now reporting that the company is in “exclusive negotiations” with private equity firm CVC Capital Partners. According to the report, CVC invests in international sports and entertainment.
The report also states that CVC beat out other firms bidding for the MMORPG's developer and should be signing an agreement to “buy a controlling stake in the company within days.” Interestingly, it seems that CVC beat these other firms due to the fact that most did not value the company at the $1B+ price.
As Sky News put it, “A number of private equity firms were said to have expressed uncertainty about the company’s business plan and development pipeline”, so this reportedly pending purchase might be a bit of a surprise.
Related Articles
About the Author
QuintLyn is a long-time lover of all things video game related will happily talk about them to anyone that will listen. She began writing about games for various gaming sites a little over ten years ago and has taken on various roles in the games community.
More Stories by QuintLyn BowersDiscussion (1)
Read Next
The MMORPG is still kicking in China.
You May Enjoy
Voluntary retirements and resignations are on the table, too.
The decision cites statements by the ESA that the VGHF has not shown that the proposed uses would be “fair”.
You may not have to roll a d20, but there are new gadgets and agent reworks to explore.
We don’t have long now.
Our monetary system works like this.....
You can not gain without someone or in today's cases many of us, losing all the time.
The gainers are not winners they are just takers of volume.
Gaming kind of pushed this out to the extreme, kind of bad thing that gaming has done or pushed forward. Its not stopping, as they think they are doing ok. lol
its joke. surely it has to be..