Several months after the first rumors of current Jagex owner Carlyle Group looking to sell the Runescape developer came out, Sky News is now reporting that the company is in “exclusive negotiations” with private equity firm CVC Capital Partners. According to the report, CVC invests in international sports and entertainment.
The report also states that CVC beat out other firms bidding for the MMORPG's developer and should be signing an agreement to “buy a controlling stake in the company within days.” Interestingly, it seems that CVC beat these other firms due to the fact that most did not value the company at the $1B+ price.
As Sky News put it, “A number of private equity firms were said to have expressed uncertainty about the company’s business plan and development pipeline”, so this reportedly pending purchase might be a bit of a surprise.
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QuintLyn is a long-time lover of all things video game related will happily talk about them to anyone that will listen. She began writing about games for various gaming sites a little over ten years ago and has taken on various roles in the games community.More Stories by QuintLyn Bowers