RuneScape Forum Archive | Potential Acquisition

Jun

2006

Dilbert2001

Posts: 30,168 Sapphire Posts by user Forum Profile RuneMetrics Profile

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Jagex current owners all came on board at the EXACT SAME TIME when they bought out the Growers. Why does it not add up when they have common understanding all to sell the same company at the same time? Andrew Gower (not Grower

) is the only one of the Gowers who has sold all his shares in the company. Ian and Paul still hold shares in the company, as does Constant Tedder (the original CEO of Jagex). The entirety of the shares are divided between 22 shareholdings.

Thanks. But it doesn't change anything that they are all willing to sell and there are multiple bidders according to the post from a JMOD.

23-Mar-2016 13:31:46

Shady Guy

Posts: 5,994 Rune Posts by user Forum Profile RuneMetrics Profile

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We can all speculate but 3 different Chinese companies swallowed 3 separate western game developers within 2 weeks may not be a coincidence. Read the news on the acquisitions of Radiant by Tencent/Riot earlier this month and BigPoint by the developer of League of Angels yesterday. I don't doubt Chinese companies want to send their money offshore but why online gaming companies? If they are not interested in making/publishing games, there are hundreds of industries they can buy into.

You may call it speculation, and I'll agree it is, but I think these 3 different Chinese buyers have their eyes on the asian markets instead of merely finding dummy shells for the money or stripping the assets of them. Another point is, it takes two to tangle. For every buyer there must be a willing seller. It may also mean different online gaming concerns are willing to sell out under the current condition.

I'll admit I rarely get out of the news circle involving my career. I definitely haven't done my homework this time. But I did read on this thread that Chinese companies have been investing in other fields as well at inflated prices (I think Nexus(?) posted that earlier). That made it seem to me more like a hedge against the faltering Chinese economy similar to what Japanese companies did in the late '80s. Literally the offers were too good to refuse.

But I can also see the logic in your position. It is a chance to take what exists, make some changes (not throw the baby out with the bathwater) and market this game in Asia. Problem with that is games in East Asia are usually MTX heavy - MUCH more so than this one is (and I already dislike how far this one has gone). This is where I think the alarmists are coming from.

I do wish I could be a fly on the wall at these meetings... ~ Bill ^_^

23-Mar-2016 13:39:53

Nexus Origin

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

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Jagex current owners all came on board at the EXACT SAME TIME when they bought out the Growers. Why does it not add up when they have common understanding all to sell the same company at the same time? Andrew Gower (not Grower

) is the only one of the Gowers who has sold all his shares in the company. Ian and Paul still hold shares in the company, as does Constant Tedder (the original CEO of Jagex). The entirety of the shares are divided between 22 shareholdings.

Thanks. But it doesn't change anything that they are all willing to sell and there are multiple bidders according to the post from a JMOD. Mod Balance never stated there were multiple bidders, only that there were multiple offers. Those offers could have all come from the same company. And the deal still hasn't gone through. If the purchase agreement is for 100% of the shares, and one of the shareholders decides they don't want to sell, the deal falls through. If Constant decides he doesn't want to sell his shares, no one can force him to.
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23-Mar-2016 13:42:22

Jun

2006

Dilbert2001

Posts: 30,168 Sapphire Posts by user Forum Profile RuneMetrics Profile

Original message details are unavailable.
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Jagex current owners all came on board at the EXACT SAME TIME when they bought out the Growers. Why does it not add up when they have common understanding all to sell the same company at the same time? Andrew Gower (not Grower

) is the only one of the Gowers who has sold all his shares in the company. Ian and Paul still hold shares in the company, as does Constant Tedder (the original CEO of Jagex). The entirety of the shares are divided between 22 shareholdings.

Thanks. But it doesn't change anything that they are all willing to sell and there are multiple bidders according to the post from a JMOD. Mod Balance never stated there were multiple bidders, only that there were multiple offers. Those offers could have all come from the same company. And the deal still hasn't gone through. If the purchase agreement is for 100% of the shares, and one of the shareholders decides they don't want to sell, the deal falls through. If Constant decides he doesn't want to sell his shares, no one can force him to.

You can go all days on finding reasons on why the same company made multiple offers to the same Jagex, and who's willing to sell or not, but the official words are:

"Jagex’s shareholders have received offers of interest and have responded positively to an approach from a Chinese company."

They said the shareholders responded positively and there is no mention the deal will fall "if" any shareholder doesn't want to sell. I'll leave it to everybody else to interpret it. And again, why don't you direct your questions and reasoning to OP, i.e., Mod Balance?

23-Mar-2016 13:54:13

Hot Zone

Posts: 120 Iron Posts by user Forum Profile RuneMetrics Profile

"And the deal still hasn't gone through. If the purchase agreement is for 100% of the shares, and one of the shareholders decides they don't want to sell, the deal falls through. If Constant decides he doesn't want to sell his shares, no one can force him to." - Nexus0rgin

If you going to talk business actually do the business research before just posting because they have lots of powers the majority share holders can and will enforce.... That why having 51% of the company allows said party to buyout the rest of the 49% meeting capital needs and if they have the funds it's complicated world of business...

Now in some countries and even states if you got 90% of said business you are god and as god you can tell the 10% minority to shove it. When they get a buy offer which is complete or merging otherwise the way it could go is if I wanted to stop someone buying out a company or business all I got to do is go in pay premium for that 1% and go hey wait up rofl I don't want to sell my 1% so the other 99% of the company that wants to sell which is the majority to prevent the sale....

So don't go into business if you don't know business... Makes you look like a complete fool. Anyways back to RS gaming haha. But hey even if you were that 1% able to "force it" in this dream world you going to be getting messed up royally in a nightmare not only from the company you are in but from the other company that trying to buy it... You are a nothing burger messing up a quarter billion dollar deal doesn't take much of an imagination to work out how things can get pretty messed up for that 1%.

23-Mar-2016 13:56:48 - Last edited on 23-Mar-2016 13:59:23 by Hot Zone

Nexus Origin

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

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You can go all days on finding reasons on why the same company made multiple offers to the same Jagex, and who's willing to sell or not, but the official words are:

"Jagex’s shareholders have received offers of interest and have responded positively to an approach from a Chinese company."

They said the shareholders responded positively and there is no mention the deal will fall "if" any shareholder doesn't want to sell. I'll leave it to everybody else to interpret it. And again, why don't you direct your questions and reasoning to OP, i.e., Mod Balance? I'm simply trying to avoid confusion and misinformation. Claiming that there are multiple bidders when there has been no mention of multiple bidders simply adds confusion.

As to why I don't direct my questions and reasoning to Mod Balance or Mod Pips is simple: I don't have any questions, nor do I need explain the situation to them, as they're already aware.
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23-Mar-2016 13:57:58

Nexus Origin

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

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[stuff] Regardless of whom owns the majority share, a shareholder cannot be forced to sell their shares in the company. You literally have to buy them out. In many instances the minority shareholders are paid substantially more per share than the majority shareholders, simply to "persuade" them to sell their shares. The only exception to this is if there is a prior shareholder agreement made before the shares were originally divided, such as a "drag-along" agreement. However, since there was only one share in the company when it founded in 2001 (Andrew held the 1 share until 2002 when it was split between himself, Paul and Constant), it is highly doubtful that there were any shareholder agreements made, thus, any shares in the company are private property, and cannot be forced to sell, regardless if 99% of the shareholders want to sell.
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23-Mar-2016 14:12:15

Hot Zone

Posts: 120 Iron Posts by user Forum Profile RuneMetrics Profile

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[stuff] Regardless of whom owns the majority share, a shareholder cannot be forced to sell their shares in the company. You literally have to buy them out. In many instances the minority shareholders are paid substantially more per share than the majority shareholders, simply to "persuade" them to sell their shares. The only exception to this is if there is a prior shareholder agreement made before the shares were originally divided, such as a "drag-along" agreement. However, since there was only one share in the company when it founded in 2001 (Andrew held the 1 share until 2002 when it was split between himself, Paul and Constant), it is highly doubtful that there were any shareholder agreements made, thus, any shares in the company are private property, and cannot be forced to sell, regardless if 99% of the shareholders want to sell.

This been done in the business world since business started to go through all the tactics of business legal and illegal would require me to write a book on it basically to put it in short minority share holders do not have more rights then majority share holders... If it were that case business world would just fall apart as we know it.

I don't see the sky raining in with darkness approaching as far as I know it keeping it as simple as I can Majority owns Minority in every country practicing business... You can debate it all you like but that just the fact the controlling interest is IVP even if the other 45% doesn't want to sell they can force the sell.

Is it easy and is it possible yes I was working for a company that out raised capital of the current owner.... Effective immediately he was promptly bought out and fired which is the company he started because the Majority choose to do that. That is business who ever has more shares and more $$ comes out on top.

23-Mar-2016 14:19:09 - Last edited on 23-Mar-2016 14:25:13 by Hot Zone

Nexus Origin

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

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I don't see the sky raining in with darkness approaching as far as I know it keeping it as simple as I can Majority owns Minority in every country practicing business... You can debate it all you like but that just the fact the controlling interest is IVP even if the other 45% doesn't want to sell they can force the sell. As previously stated, unless there is a prior shareholder agreement such as a "drag-along" agreement, there is absolutely no way to force the minority shareholders to sell their shares, regardless of how large the majority shareholder is. Perhaps you should take a few moments to look into the UK laws regarding this. Without any shareholder agreements, shares in a company are private property, and you cannot force someone to sell them.

While a "drag-along" agreement is there to protect the majority shareholders, a "tag-along" agreement is there to protect the minority shareholders. Both parties can be protected by a shareholder agreement, however, without any shareholder agreements, all shares in a company are private property, and no one can force the sale of any of them.
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McDelivery Now Available In Canada

McDonalds

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I'm lovin' it.

23-Mar-2016 14:22:58 - Last edited on 23-Mar-2016 14:25:50 by Nexus Origin

Hot Zone

Posts: 120 Iron Posts by user Forum Profile RuneMetrics Profile

I've stated and experience first hand of what a hostile take over is and isn't possible. I've seen my boss lose his whole company this way and yeah he had majority but all the minority had to do for the next round of funding was raise more capital and guess what once they did that he was no longer controlling his own company not even apart of it was completely bought out.

Went to court actually too cause he didn't think he got paid enough won the court battle got another 5 million dollars rofl... So he was happy in the end not happy he lost his 100 million dollar company but happy he got something at the end of it. Business is pretty cut throat and his by no mean dumb that was just one of his many businesses around the world.

23-Mar-2016 14:29:29 - Last edited on 23-Mar-2016 14:32:01 by Hot Zone

Forums

Potential Acquisition - Update

Dilbert2001

Shady Guy

Nexus Origin

Dilbert2001

Hot Zone

Nexus Origin

Nexus Origin

Hot Zone

Nexus Origin

Hot Zone