CitiáBanksaid: As an Investment Professional at one of the top 3 largest private equity firms, I'm really excited that Jagex is being acquired by Platinum Equity. Platinum is a fantastic firm with some of the best talent in finance and I am confident they will do a great job in supporting Jagex on growth and improvements over the next few years.
But Jagex is not being acquired by Platinum Equity. Fukong Interactive has agreed to sell Hongtou and Jagex to Platinum Fortune LP, a Plutos Sama Holding, Inc company.
ThunderáJinxsaid: Dilbert2001said: ThunderáJinxsaid: Untrimslaysaid: Meh cant get much worse.
Why they dont actually sell it to a developer is beyond me. And get dissolved. The Classic EA move.
Fukong was actually legitimately looking to become a proper publisher of video games, but their investments failed and that's why they're selling off the only profitable product they have.
Not at all because Fukong Interactive is just transferring control of Jagex to Fukong Media. The Fukong family of companies will retain control of Jagex at the completion of the deal.
Only that some stakes of Hongtou and therefore Jagex will be sold to Plutos Sama.
Fukong's original investment of $300 mil is becoming $530 mil, and Jagex is breaking records in both revenue and profits. How's that a "failed" investment? Investments. Plural. Not talking about the one made in jagex as I actually mentioned it made profit. But I guess it's too much to expect you to use your brains.
What do Fukong's other investments outside Jagex has anything to do with the profits of Jagex, Runescape and your brains, especially they made all those investments before they acquired Jagex?