People who sell items or Gold (GP) often obtain them by: However, Jagex do not give permission to anybody to sell or buy things that relate to Jagex accounts. Players are given permission to use these accounts by Jagex. In addition, paying someone to play your account for you is covered by this rule.Įverything in RuneScape and Old School RuneScape, including the account(s) you use to play the game, are owned by Jagex. Real World trading (RWT) means buying or selling in the real world, for real money, things that relate to Jagex accounts.
We provide these rules so you can understand that if you break any of these rules your game account might be muted (so you can’t chat in game) or banned (so you can’t play at all). The rules also help Jagex (the makers of the RuneScape games) deal with cheating and other activities that might ruin things for players who choose to play fairly. They are in place to keep players safe and to ensure that playing our games is an enjoyable experience for everyone. The management team of Jagex will remain in place.These are the rules for RuneScape and Old School RuneScape. Phil Mansell, Jagex CEO, said: “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”. There was no immediate response from contacts at the company regarding the new owner’s identity, though they were broadly positive about the sale.Ī statement said: “Macarthur Fortune shares Jagex’s passion for video games and is dedicated to utilizing its experience and expertise to add value to one of the longest-standing video game developers through strategically investing in R&D and marketing to attract new players to its RuneScape franchise of games.” Of course, if Jagex gets the investment that it needs to continue to thrive, then who it’s owned by is somewhat academic, but the lack of transparency around the identity of Macarthur Fortune does create some unease for us, it’s certainly based in Irvine California (and the British Virgin Islands) but that’s hardly unusual. Documents related to the sale didn’t shine any light on the matter. And in response has long been planning to restructure its holdings, a sale of Jagex was touted as a possibility, but it’s now unclear to whom control of the company has shifted, or even whether the move is a complex restructuring rather than a simple sale.
Searches did bring up one Duke Zhu as managing director of Macarthur Fortune, who has recently been appointed as a director of Jagex and chairman of the board, as you might expect, but no details of the funds other holdings were apparent.įukong reportedly encountered financial issues in 2019, which meant that the vast majority of its income was from Jagex alone. Macarthur Fortune isn’t easy to trace via the usual searches, so it’s hard to see who actually now controls the developer. However, there is some confusion around the identity of the new owners. And the deal has been rumoured as far back as the January of last year, with the eventual buyer being rumoured from the summer.
That’s no huge surprise with jagex having a record year in 2019 and passing the $1bn lifetime revenue marker for Runescape. That figure makes the company worth considerably more than when it was last sold in 2016 to Fukong Interactive (part of Shanghai Hongtou Network) for $300m. The new owner is described in a statement as “global asset management company, Macarthur Fortune, as part of its Platinum Fortune LP fund.” Jagex has today announced that it has been acquired by a new owner for the princely sum of $530m (£424m).
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