JAGEX, the owner and developer of the iconic RuneScape online gaming franchise, was placed at the heart of a new public Chinese gaming company, Zhongji Holding. Zhongji Holding is part of Shanghai Zhongji Enterprise Group, a highly respected and well-established Chinese company, and its acquisition of JAGEX represents its first foray into the gaming sector. Corum represented JAGEX during the M&A process. Zhongji Holding is committing significant resources to its investment in the global games sector and further acquisition activity is anticipated as the Company increases its presence in the space.
We worked with the Corum team from start to finish, beginning with the management of our response to the unsolicited approach from a non-European buyer, to positioning of the company and on to introducing it to other potential acquirers around the globe, to negotiating the various proposals and through to closing. Corum was paramount in getting our transaction done.