LOS ANGELES, Might 1, 2020 /PRNewswire/ — Platinum Fortune LP has introduced that it has acquired Jagex, one of many UK’s largest online game builders and publishers, for $530million from Shanghai Hongtou Community Know-how, a subsidiary of Shanghai Fukong Interactive Leisure Co., Ltd (SH600634) on the time of the acquisition. An asset portfolio together with Hongtou Community (Hong Kong) was additionally acquired by Platinum Fortune. The administration crew of Jagex, headquartered in Cambridge, UK, will stay in place.
Platinum Fortune shares Jagex’s ardour for video video games and is devoted to using its expertise and experience so as to add worth to one of many longest-standing online game builders via strategically investing in R&D and advertising to draw new gamers to its RuneScape franchise of video games.
Phil Mansell, Jagex CEO, stated:
“The mixed energy of Platinum Fortune and Jagex will each assist and improve our strategic plan to ship nice gaming experiences to our communities of RuneScape gamers and construct on our portfolio with extra residing video games for a worldwide viewers”.
A pacesetter in creating deep and interesting residing video games on PC and cell, Jagex was based in 2000 and is at present one of many UK’s largest and most revered online game builders and publishers. Famed for its flagship sport franchise, RuneScape, Jagex has welcomed greater than 280 million participant accounts to RuneScape’s sport world and created a $1billion lifetime- income franchise. Jagex employs greater than 370 folks at its Cambridge headquarters. Extra data could be discovered at www.jagex.com
About Platinum Fortune
Platinum Fortune targets international online game firms and designs methods to assist them develop consumer base and income with the objective of making higher experiences for the two.5billion, fast- rising, international gamer group. Platinum Fortune, who targeted on the online game sector, is among the funds managed by Macarthur Fortune Holding LLC.
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