Subj : Jagex acquisition wont lead to RuneScapes business models changin
To   : All
From : TechnologyDaily
Date : Mon Feb 12 2024 10:45:05

Jagex acquisition wont lead to RuneScapes business models changing, CEO 
confirms

Date:
Mon, 12 Feb 2024 10:38:52 +0000

Description:
Jagex CEO Phil Mansell reassured RuneScape players that "there are no 
intentions of changing our [games'] business models."

FULL STORY
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The CEO of Jagex, Phil Mansell, has reassured players of the developer and 
publishers massively multiplayer online role-playing games, RuneScape and Old 
School RuneScape , that the company being acquired wont negatively impact the 
games. Namely, "there are no intentions of changing our [games] business 
models. 

In case you missed it, on Friday, February 9, it was confirmed that Jagex was 
being sold by investment firm Carlyle to CVC Capital Partners and Haveli 
Investments. A news release described CVC as a leading global private markets 
manager, with approximately 188 billion [around $202.5 billion or 160.5 
billion] of assets under management. 

Meanwhile, Haveli is a private equity firm which launched a Gaming Fund in 
2022. Its previously invested in Dead by Daylight studio Behaviour 
Interactive and Omeda Studios - the developer behind the early-access 
multiplayer online battle arena (MOBA) Predecessor . 

Over on Twitter / X after the news was announced, Mansell shared a statement 
in which he reiterated Jagexs commitment to its games and their communities. 

I reassure you of our commitment to our games and you, our communities. We 
will not compromise the integrity of our games and there are no intentions of 
changing our [games] business models, Mansell wrote. Players will remain at 
the heart of what we do, and we will continue to live the values that make 
these worlds iconic and unique. 

If anything, this drives us to want to do better for our players, to do more 
to grow the communities and strengthen the universe of RuneScape further, he 
continued. There are some fantastic adventures ahead and the community is a 
huge part of that journey. pic.twitter.com/4afma8iStx February 9, 2024 See 
more 

When the buyout of Jagex was announced, the managing partner and head of CVCs 
sports, media and entertainment team, Nick Clarry, stated that the 
acquisition will help realize the full potential of Jagex over the years 
ahead. 

This will be done by continuing to improve the existing RuneScape games, the 
accessibility to games on various platforms, and reinvesting into new IP 
content to create the exciting games of tomorrow, he added. It remains to be 
seen what this will look like in practice. 

 For more games like RuneScape, be sure to check out our lists of the best 
MMORPGs , as well as the best MMOs .



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Link to news story:
https://www.techradar.com/gaming/jagex-acquisition-wont-lead-to-runescapes-bus
iness-models-changing-ceo-confirms


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