Massively http://massively.joystiq.com Massively http://www.blogsmithmedia.com/http://massively.joystiq.com/media/feedlogo.gif Massively http://massively.joystiq.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[God save the green: Deal makes Jagex a US company]]>http://massively.joystiq.com/2012/01/09/god-save-the-green-deal-makes-jagex-a-us-company/http://massively.joystiq.com/2012/01/09/god-save-the-green-deal-makes-jagex-a-us-company/http://massively.joystiq.com/2012/01/09/god-save-the-green-deal-makes-jagex-a-us-company/#commentsFiled under: , , , , ,

Jagex
Jagex is trading up the Union Jack for the Stars and Stripes, as controlling interest in the studio has changed hands to a US firm.

Insight Venture Partners, a venture capital firm from the US, completed a deal last year to increase its ownership to 55% of the UK-based company. Previously, the firm had 35% interest in Jagex. Now that the scales have tipped to the new ownership, this technically makes Jagex a US-controlled company and has US investors leading its board of directors.

While revenues were up 2% for Jagex in 2011, both operating and net profits were significantly down from the previous financial year. Jagex is a major player in the MMO free-to-play market, with RuneScape, Transformers Universe, and 8Realms as part of its project portfilio.

Develop reports that the controlling interest was made possible by Jagex co-founder Andrew Gower selling off his ownership claims to the firm for $115.65 million. As part of the deal, Jagex paid $3.85 million in expenses. The studio will remain in Cambridge while its controlling firm is in NYC.

MassivelyGod save the green: Deal makes Jagex a US company originally appeared on Massively on Mon, 09 Jan 2012 12:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>8realmsandrew-gowerboard-of-directorsbreakingcontrolling-interestdealinsight-venture-brothersinvestorsjagexjagex-game-studiosprofitprofitsrevenuerevenuesrunescapetakeovertransformers-universeukusMon, 09 Jan 2012 12:00:00 EST<![CDATA[Blizzard rolled into Activision Blizzard mega-publisher [Updated]]]>http://massively.joystiq.com/2007/12/02/blizzard-rolled-into-activision-blizzard-mega-publisher/http://massively.joystiq.com/2007/12/02/blizzard-rolled-into-activision-blizzard-mega-publisher/http://massively.joystiq.com/2007/12/02/blizzard-rolled-into-activision-blizzard-mega-publisher/#commentsFiled under: , , ,

In a HUGE news story that we were quite unprepared to have fall into our laps on a lazy Sunday morning, it's been announced that Activision and Vivendi Games have signed a major agreement to the tune of $18.8 billion, that will see the two mega-publishing houses rolled into a company to be known as Activision Blizzard, which will collectively have the biggest and most expansive portfolio of game titles of any company to date - even surpassing rival Electronic Arts in sheer size and scope.

According to the terms of the agreement, Vivendi Games will be merged into Activision as a wholly owned subsidiary, and Vivendi Games stock will be turned into Activision common stock. We're not financial analysts nor are we fluent in legalese, so its difficult for us to interpret the exact terms of the deal, but Vivendi will come out of the merger as a 68% owner of the newly formed company. There's no indication yet if the merger will have any bearing on Blizzard's current or future development plans, though it seems likely that there is going to be a change as the management at the highest levels of the company will have a different face to it.

For some quotes from the parties involved, and our reaction, follow us after the jump.

Continue reading Blizzard rolled into Activision Blizzard mega-publisher [Updated]

MassivelyBlizzard rolled into Activision Blizzard mega-publisher [Updated] originally appeared on Massively on Sun, 02 Dec 2007 12:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>activisionactivision-blizzardblizzardbreakingcorporate-mergerindustrytakeovervivendivivendi-gamesworld-of-warcraftSun, 02 Dec 2007 12:20:00 EST