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Jagex's majority stake sold to US venture firm

A US venture firm has bough a 55%t controlling majority share in Jagex, increasing its stake by a further 20%.

Insight Venture Partners bought the controlling stake as of papers filled on Decemeber 23 at Companies House, as reported by Develop, with £2.5 miillion in expenses passed off for the deal

It also suggest that company co-founder Andrew Gower has sold his stake in the company to Insight.

Jagex has said it'll not comment on the takeover.

The studio is currently working on a Transformers MMO, as well as continued support on Runescape.

More at the link.

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Johnny Cullen

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Johnny has experience at a wide range of games media outlets, having written for Eurogamer, Play Magazine, PC Gamer, GameDaily, and more. He worked at VG247 pumping out news at an astonishing rate for several years. More recently, he founded the games website PlayDiaries.

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