Jagex Sold to Private Equity Firm for $520M

The Chinese parent company of Runescape's continued growth and profitability, $520M seems like a great price, as Jagex reported profits of ~$54M last year, valuing the company at only 10x earnings.

While many were worried about Jagex's future when a Chinese company bought it, not much has changed over the years. RuneScape continues to grow and reached an all time high in players last year and continues to perform well.

Update: Jagex denies being sold to Platinum, and clarifies that the $520m proposal from them is just one of many options they are exploring. (Source)

Source: Yicai Global