Jagex Plays Pivotal Role In New Publicly Listed Games Company

scapefix

Back in July, I reported that Jagex had been acquired by Chinese investors, and that the deal would mean the formation of a new company. Today, Jagex has finally unveiled that the acquisition is moving forward and that the new publicly listed company will be called Zhongji Holding. Rod Cousens, who took over as CEO after the departure of Mark Gerhard, will continue his role as CEO, Chairman, and member of the Board of Directors for the foreseeable future.

“Zhongji Holding has great ambition in the gaming space and Jagex is at the forefront of its charge. China is the biggest gaming market in the world and Zhongji Holding’s motivation in the sector will prove a compelling proposition for other gaming businesses seeking access to the region. While an integral part of Zhongji Holding’s plans, Jagex’s operations remain unchanged and its business as usual for our games, players and our employees.”

Also revealed in this statement is that Jagex’s 2015 revenues hit an all time high of $88.4 million with $36.1 million in profits.

(Source: Jagex Press Release)

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