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Announced

Platinum Fortune to acquire Jagex for $530m.

Financials

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Transaction Value£422m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Single Bidder

Friendly

video game developer

Acquisition

Gaming

Private

United Kingdom

Pending

Cross Border

Synopsis

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Platinum Fortune, a holding company that invests in video game companies, agreed to acquire Jagex, a video game developer, from Fukong Interactive Entertainment, a developer and operator of online games, for $530m. "The combined strength of Platinum 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," Phil Mansell, Jagex CEO.

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