RuneScape Forum Archive | Potential Jagex Acquisition

Merielle

Posts: 29 Bronze Posts by user Forum Profile RuneMetrics Profile

Original message details are unavailable.
...what information I can find makes this sound like an outright purchase of Jagex. I don't like a massive number of trends in asian Industries and this gives me a lot of misgivings about the present/future situation.

An entirely negative situation overall until Jagex sheds some more light on the whole thing...

Almost my exact feelings. There is a lot of shady business that goes on in China, and corruption is rampant - from my own experience working in an investment firm there and from what one can read in various reports. :\ I'm very pessimistic about this situation until more information is available.

I also completely get all the doomsaying. It might not be "helping" the situation but it is players letting others know their opinions, which they absolutely have a right to. All players have a invested time (and many have invested money) in this game, and as such have a vested interest in the success of the game.

Acquisitions rarely turn out well for both the acquired and the acquiring company (between 50% and 90% of mergers/acquisitions fail - rates vary with what reports you read).

15-Mar-2016 22:11:56 - Last edited on 15-Mar-2016 22:17:31 by Merielle

May

2012

Alexraptor

Posts: 5,676 Rune Posts by user Forum Profile RuneMetrics Profile

Sorry, but it's a well known fact that Asian interests are never to be trusted, ever. They milk the heart and soul out of every western MMO they touch. You thought we had it bad now? Just you wait and see what is in store if this goes through. O_o

15-Mar-2016 22:13:07

Merielle

Posts: 29 Bronze Posts by user Forum Profile RuneMetrics Profile

.

15-Mar-2016 22:13:19 - Last edited on 15-Mar-2016 22:15:04 by Merielle

Minnierexaur

Posts: 1,767 Mithril Posts by user Forum Profile RuneMetrics Profile

Original message details are unavailable.
Original message details are unavailable.
...what information I can find makes this sound like an outright purchase of Jagex. I don't like a massive number of trends in asian Industries and this gives me a lot of misgivings about the present/future situation.

An entirely negative situation overall until Jagex sheds some more light on the whole thing...

Almost my exact feelings. There is a lot of shady business that goes on in China, and corruption is rampant - from my own experience working in an investment firm there and from what one can read in various reports. :\ I'm very pessimistic about this situation until more information is available.

I also completely get all the doomsaying. It might not be "helping" the situation but it is players letting others know their opinions, which they absolutely have a right to. All players have a invested time (and many have invested money) in this game, and as such have a vested interest in the success of the game.

Acquisitions rarely turn out well for both the acquired and the acquiring company (between 50% and 90% of mergers/acquisitions fail - rates vary with what reports you read).

+1

15-Mar-2016 22:20:18

Averia Light

Posts: 28,508 Sapphire Posts by user Forum Profile RuneMetrics Profile

Original message details are unavailable.
Original message details are unavailable.
I can't access the financial times article which is the source for the reuters article. "Shandong Hongda’s Liang Xiuhong and other shareholders have borrowed heavily in the domestic shadow banking sector, pledging the company*s shares against wealth management products on at least three occasions, according to documents seen by the Financial Times."

I saw that they had cashflow problems, and I have to say that I haven't been involved with a company that bought another company to solve the cashflow issues and jagex probs would be a good choice lol. And I swear I'm not going to let her know all the pain I have known

15-Mar-2016 22:21:16

Nexus Origin

Posts: 21,010 Opal Posts by user Forum Profile RuneMetrics Profile

From a business perspective, it makes perfect sense for such a company to be reaching out to new forms of revenue. The domestic mining in China is starting to suffer as steelmakers are importing cheaper iron ore from other countries. The company itself still has a steady revenue, and has over 2 billion in assets, however, they realize that the domestic mining industry is quickly coming to somewhat of an end, so they want to branch out to other forms of revenue before their liabilities overtake their revenue while they slowly liquidate the mining assets.
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McDelivery Now Available In Canada

McDonalds

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I'm lovin' it.

15-Mar-2016 22:21:30

Jan

2011

Sessamy

Posts: 8,127 Rune Posts by user Forum Profile RuneMetrics Profile

I am under the impression that you are selling the game to China/Chinese company. Is this just announcing a Chinese version of the game and keeping the current version of oldschool intact? You NEED to clarify. Do not abandon the English/EU players because of money - this game is the closest to my heart and this quick post just made me think you are going to sell out and take money instead of saying you even still care about your current customers.

Please elaborate on this because if this goes south and you change oldschool to a pay-to-win I WILL cancel my 10+ years of membership and quit. I won't look back. 10+ year RS veteran; Oldschool RS player.
Tech Support

15-Mar-2016 22:21:44 - Last edited on 15-Mar-2016 22:26:30 by Sessamy

Lethal Lag

Posts: 369 Silver Posts by user Forum Profile RuneMetrics Profile

Original message details are unavailable.
Sorry, but it's a well known fact that Asian interests are never to be trusted, ever. They milk the heart and soul out of every western MMO they touch. You thought we had it bad now? Just you wait and see what is in store if this goes through.

Can't help but agree. Not to mention the potential acquirer knows nothing about game development and MMOs.

Will see how this turns in the coming weeks/months.

15-Mar-2016 22:22:18 - Last edited on 15-Mar-2016 22:28:00 by Lethal Lag

Averia Light

Posts: 28,508 Sapphire Posts by user Forum Profile RuneMetrics Profile

Original message details are unavailable.
From a business perspective, it makes perfect sense for such a company to be reaching out to new forms of revenue. The domestic mining in China is starting to suffer as steelmakers are importing cheaper iron ore from other countries. The company itself still has a steady revenue, and has over 2 billion in assets, however, they realize that the domestic mining industry is quickly coming to somewhat of an end, so they want to branch out to other forms of revenue before their liabilities overtake their revenue while they slowly liquidate the mining assets.

Except jagex has declining income trends last I checked.

But yeah cash flows makes sense. And I swear I'm not going to let her know all the pain I have known

15-Mar-2016 22:23:21 - Last edited on 15-Mar-2016 22:23:39 by Averia Light

Nexus Origin

Posts: 21,010 Opal Posts by user Forum Profile RuneMetrics Profile

Original message details are unavailable.
Except jagex has declining income trends last I checked. When was the last time you checked?
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McDelivery Now Available In Canada

McDonalds

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I'm lovin' it.

15-Mar-2016 22:24:54

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Potential Jagex Acquisition