Jagex has announced that it has been acquired by Chinese investors and that a new board of directors has been appointed. The buy out gives Jagex a new investment cycle to grow RuneScape and other related projects including mergers and other acquisitions to expand its gaming operations.
Said Rod Cousens, CEO, Jagex:
“Having visibility in China, which is now the biggest gaming market in the world, the new entity is a compelling and attractive proposition for western businesses seeking to broaden their reach in a fast-rising, rapid growth region. It will enable them to tap into a creative and development talent pool to design and develop content for the Chinese consumer and engage with, and expand, a global community.
“Jagex will continue to be operated by the existing management team, which has overseen an impressive trading performance in recent times and driven its iconic franchise, RuneScape to continued growth. It will be business as usual for the Company, its players and its employees post-acquisition.”
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Source: Email press release