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Potential Acquisition - Update Thread is locked

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Weyburns
Nov Member 2021

Weyburns

Posts: 4,823 Adamant Posts by user Forum Profile RuneMetrics Profile
Original message details are unavailable.
"We don't expect..."

"We don't think..."

"We anticipate..."

"We want..."

Basically you have no idea what will come from this either and all of our initial fears are even more valid than before.


I'm surprised no one else has really picked up on the extreme vagueness of the wording. He's saying everything you want to hear with such vague conditions in front of them that anything he says after it doesn't really matter.

He could say "We think they'll remove MTX all together" and people would just focus on the removal of MTX part without actually seeing it's true context.
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17-Mar-2016 06:18:47 - Last edited on 17-Mar-2016 06:20:40 by Weyburns

Noodle Neck
Dec Member 2023

Noodle Neck

Posts: 135 Iron Posts by user Forum Profile RuneMetrics Profile
Original message details are unavailable.
Original message details are unavailable.
"We don't expect..."

"We don't think..."

"We anticipate..."

"We want..."

Basically you have no idea what will come from this either and all of our initial fears are even more valid than before.


I'm surprised no one else has really picked up on the extreme vagueness of the wording. He's saying everything you want to hear with such vague conditions in front of them that anything he says after it doesn't really matter.

He could say "We think they'll remove MTX all together" and people would just focus on the removal of MTX part without actually seeing it's true context.



Not wrong - no offence pip but you seem like tony abott - i miss mmg ceo

17-Mar-2016 06:21:34

SnakeLady
Oct Member 2023

SnakeLady

Posts: 983 Gold Posts by user Forum Profile RuneMetrics Profile
I think Most of feel we would rather not china buy this franchise. I know people are feeling that way and I said it. I didn't read all 37 pages of post so apologize in advance if someone stated so already.

We don't feel comfortable with it and I know I am not alone with that feeling. However, what we think doesn't matter. The bottom line is Money. Customer satisfaction has gone out the window with soooooooooo many companies and we are still lucky that to some degree our opinions count. It should! without players, there is no business. But Jagex did care about its vet players as well. meaning, they cared for the customers they have had all along.

I don't know. Just feeling a bit sad about this and to China??

Snakelady

17-Mar-2016 06:34:09

Team Skull
Aug Member 2008

Team Skull

Posts: 24,511 Opal Posts by user Forum Profile RuneMetrics Profile
Original message details are unavailable.

I'm surprised no one else has really picked up on the extreme vagueness of the wording.


Trust me mate, I picked up on that a looooooong time ago.
"Revenge...is like a rolling stone, which, when a man hath forced up a hill, will return upon him with a greater violence, and break those bones whose sinews gave it motion."- Jeremy Taylor

17-Mar-2016 06:35:22

Windsofnight
Mar Member 2017

Windsofnight

Posts: 6,634 Rune Posts by user Forum Profile RuneMetrics Profile
It is a bit interesting that Shandong Hongda Mining has announced to the media that it has fully acquired Jagex & has signed a share purchase agreement with all of the shareholders (meaning that the purchase of Jagex by Shandong Hongda Mining is a done deal).

It is doubtful that Shandong Hongda Mining would have announced the full acquisition of Jagex publicly if it was not a done deal.

It is understandable why Jagex is soft pedaling the sale of the company to a Chinese firm though.

As most long term customers will recall Jagex has publicly pointed their finger at China over the years as the hotspot for all of their troubles with bots, goldselling & hacking, (which btw, also appeared to be the very reason given by Jagex in the past as to why Jagex hasn't entered into the Asia market prior to this sale.)

Tbh, (& my bad), all I could think of when I read the articles via the media regarding the sale of Jagex to a Chinese firm was that I was glad that MMG had the foresight to institute in-game bonds as alternative method of payment since using in-game bonds has allowed all of my personal billing information to fall out of date with Jagex.

(Reference article published by ChinaGoAbroad, March 15, 2016).
WHERE IS MY INGAME RSOF TITLE?!

17-Mar-2016 06:42:49

Tymerc

Tymerc

Posts: 6,040 Rune Posts by user Forum Profile RuneMetrics Profile
They're just telling us what we want to hear. Once this comes to pass and this Chinese company has 100% control they can do whatever they want.

You think the mtx is bad now? It can get a LOT worse, trust me. Asian MMOs are known for their pay 2 win nonsense.

17-Mar-2016 06:43:09

Tclcis

Tclcis

Posts: 4,540 Adamant Posts by user Forum Profile RuneMetrics Profile
Original message details are unavailable.

I'm surprised no one else has really picked up on the extreme vagueness of the wording. He's saying everything you want to hear with such vague conditions in front of them that anything he says after it doesn't really matter.

He could say "We think they'll remove MTX all together" and people would just focus on the removal of MTX part without actually seeing it's true context.


Well its not a finished deal yet. So they cant even say that its done for sure. Not to mention how this player base treats any publication. "*2* is against the spirit of the game -2001" and they bring it up again 10-13 years later as if its still relevant.
So J mods have every reason to be vague in this case.

17-Mar-2016 06:44:17

Windsofnight
Mar Member 2017

Windsofnight

Posts: 6,634 Rune Posts by user Forum Profile RuneMetrics Profile
Reference:

Article via ChinaGoAbroad, March 15, 2016

Shandong Hongda Mining to acquire Jagex

Date: 15 Mar 2016

Shandong Hongda Mining Co Ltd announced on Monday that Shanghai Hongtou Network Technology Co has signed a Share Purchase Agreement with all shareholders of the UK gaming company Jagex Ltd to acquire a 100% stake in the latter for up to $300m in cash.

Shandong Hongda hopes this acquisition will diversify its business operations and bolster its profitability. This investment is expected to bring Shandong Hongda a RMB50m (*7.7m) return on investment.

Jagex Ltd is UK’s biggest game developer and distributor and reported a net profit of £23.7m in 2015. The most popular game developed by Jagex, RuneScape, holds the Guinness World Record for “biggest multi-player online role playing game”, and has generated *725m in revenue over the past ten years.

---


For those who may not know what a share purchase agreement is, the definition is listed below.

===

Share Purchase Agreement Definition:

A share purchase agreement is a legal contract between a buyer and a seller -- sometimes stated in the contract as a “purchaser” and “vendor” -- in which the seller sells a stated number of shares at a stated price. The agreement is proof that the sale and its terms were mutually agreed upon.
WHERE IS MY INGAME RSOF TITLE?!

17-Mar-2016 06:44:18

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17-Mar-2016 07:00:25

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