Investment giant The Carlyle Group is now reportedly looking to sell RuneScape maker Jagex.
As reported by Sky News, the organisation has apparently had bids from private equity companies Advent International and CVC Capital Partners. These bids, however, were in the region of £800 ($1 billion), lower than the £1 billion ($1.27 billion) that Carlyle was reportedly after.
It’s also reported that Carlyle has opted not to take Jagex public due to the choppy IPO market in both London and New York, so rather they are now looking to sell the RuneScape firm.
Carlyle acquired Jagex in January 2021 for what was reportedly north of $530 million.
If the RuneScape giant is sold in the next year, that would be the four owner it has had in seven years. Back in 2016, Shanghai Fukong acquired Jagex before selling it to MacArthur Fortune four years later.
Disclaimer: Alex Calvin is a freelance writer and journalist who has worked with Jagex in the past.