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Windsofnight
Mar Member 2017

Windsofnight

Posts: 6,634 Rune Posts by user Forum Profile RuneMetrics Profile
RE: 43.8


"Jagex HASN'T sold the company. It is important to note that nothing has been agreed upon yet, only that a discussion about the potential acquisition is in the works. The deal may or may not actually happen."

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It is doubtful that Shandong Hongda would of put out a press release of their acquisition of Jagex if they hadn't purchased it.

They are by far a much larger firm than Jagex & have no reason to say they purchased Jagex, lock, stock & barrel if they hadn't.

However, Jagex has plenty of reasons to soft peddle about selling to a Chinese firm.

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"If you're worried about any personal data Jagex has collected about you, you can contact them and request that any personal data be removed. As for the bot/goldfarming/hijacking comment, it's a bit discriminating to judge every person and company in China based on the actions of a relatively small number of people."

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If you had read my post on 37.5 you will note that I am not concerned with that since I have used in-game bonds for membership & the billing information Jagex has sold is out of date.

Inasfar as me being a bit discriminating, please read my post again, it was not I who has pointed to China as the source of loss revene all of these years from bots, goldfarming & hacking accounts, it was Jagex (who btw, has publicly stated that).

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"They're simply discussing a potential share transfer. If you read the first post in the thread, you'll see that one of the points of the deal is that the direction and development of the game remain with the developers, as it always has been."

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Lol, my bad, but, what is Mod Pips suppose to say to calm the masses?

I guess you don't remember what was said by Jagex & the Mods to the community when IVP took over do you?
WHERE IS MY INGAME RSOF TITLE?!

17-Mar-2016 14:21:52

Quantum Evil
Oct Member 2013

Quantum Evil

Posts: 4,689 Adamant Posts by user Forum Profile RuneMetrics Profile
Original message details are unavailable.
It is worth noting (as many people seem confused or surprised that a mining company would be interested in Jagex), the deal isn't with the mining company alone, the mining company would be going in jointly with an investment firm for the deal.

Dose not seem a bit like a front to you? I am not saying that is what it is but look, China's Government buying games like this one gives them an ever greater control over expression. It just SEEMS out of place and it is something to scrutinize but even even you lay my conspiracy aside, China should not be offered a chance to buy a game that requires at least some free expression.

17-Mar-2016 14:22:04

Windsofnight
Mar Member 2017

Windsofnight

Posts: 6,634 Rune Posts by user Forum Profile RuneMetrics Profile
RE: 44.1

"Every shareholder is an owner in part or in whole of the company they hold stocks in, regardless if you call them investors or owners. Holding more shares of a company gives you more power for your votes in the board of directors, however once you have 51% of the shares, you have the majority vote. Having 51% or 100% of the shares is equal in that respect, so the fact that the entirety of the shares may be sold to one investor is irrelevant, as the majority of the shares is already owned by one investor."

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Wait, what?!

If a company buys all of the shares that the company they are buying owns (which would include all of the shares owned by all of its investors), just like Shandong Hongda has done, they have fully acquired the company, lock, stock & barrel.

In otherwords, out with the old, in with the new.
WHERE IS MY INGAME RSOF TITLE?!

17-Mar-2016 14:22:20

Xanadu

Xanadu

Posts: 527 Steel Posts by user Forum Profile RuneMetrics Profile
Original message details are unavailable.
It is worth noting (as many people seem confused or surprised that a mining company would be interested in Jagex), the deal isn't with the mining company alone, the mining company would be going in jointly with an investment firm for the deal.

That's not what's being reported in all reports of the (potential) sale, Shandong Hongda Mining Co Ltd are buying the full 100% stake in Jagex and just to add, all of their businesses are in Jining, Shandong Provence in China.. Goodbye Cambridge!

17-Mar-2016 14:29:27

Nexus Origin

Nexus Origin

Posts: 21,010 Opal Posts by user Forum Profile RuneMetrics Profile
Original message details are unavailable.
It is doubtful that Shandong Hongda would of put out a press release of their acquisition of Jagex if they hadn't purchased it.

They are by far a much larger firm than Jagex & have no reason to say they purchased Jagex, lock, stock & barrel if they hadn't.

However, Jagex has plenty of reasons to soft peddle about selling to a Chinese firm.
I haven't seen any press releases from Shangdon Hongda Mining that states they have made an acquisition, only that they are discussing a deal. It was the Financial Times that originally stated that the company had already been sold, most likely due to poor translation from Chinese.
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17-Mar-2016 14:32:04 - Last edited on 17-Mar-2016 14:32:21 by Nexus Origin

Nexus Origin

Nexus Origin

Posts: 21,010 Opal Posts by user Forum Profile RuneMetrics Profile
Original message details are unavailable.
Original message details are unavailable.
It is worth noting (as many people seem confused or surprised that a mining company would be interested in Jagex), the deal isn't with the mining company alone, the mining company would be going in jointly with an investment firm for the deal.

That's not what's being reported in all reports of the (potential) sale, Shandong Hongda Mining Co Ltd are buying the full 100% stake in Jagex and just to add, all of their businesses are in Jining, Shandong Provence in China.. Goodbye Cambridge! Try reading some of the original reports from various Chinese investment/financial institutions. Things are being lost in the translations.
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McDelivery Now Available In Canada

McDonalds
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I'm lovin' it.

17-Mar-2016 14:33:55

Xanadu

Xanadu

Posts: 527 Steel Posts by user Forum Profile RuneMetrics Profile
Original message details are unavailable.
Try reading some of the original reports from various Chinese investment/financial institutions. Things are being lost in the translations.

I have and the news seems to say it's all but signed. At the end of the day IVP, Raine & Spectrum are having $300m waved in their faces and for reports to go this far I doubt it will stay with the current investors.

17-Mar-2016 14:38:22 - Last edited on 17-Mar-2016 14:42:20 by Xanadu

Windsofnight
Mar Member 2017

Windsofnight

Posts: 6,634 Rune Posts by user Forum Profile RuneMetrics Profile
RE: 46.6

"I haven't seen any press releases from Shangdon Hongda Mining that states they have made an acquisition, only that they are discussing a deal. It was the Financial Times that originally stated that the company had already been sold, most likely due to poor translation from Chinese."

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First off I would like to ask you if you have unlocked the 'head-in-the sand' in-game emote?


Re-posted from 37.8:

Article via ChinaGoAbroad, March 15, 2016

( which btw, is generated from a press release )

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.
WHERE IS MY INGAME RSOF TITLE?!

17-Mar-2016 14:44:35

Nexus Origin

Nexus Origin

Posts: 21,010 Opal Posts by user Forum Profile RuneMetrics Profile
Original message details are unavailable.
Original message details are unavailable.
Try reading some of the original reports from various Chinese investment/financial institutions. Things are being lost in the translations.

I have and the news seems to say it's all but signed. At the end of the day IVP, Raine & Spectrum are having $300m waved in their faces and for reports to go this far I doubt it will stay with the current investors. I have seen nothing that states the deal has been finalized. Even if a stock purchase agreement is signed, they still need to pay the down payment before April 30th, otherwise the agreement can be terminated.
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_________
m
_________
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McDelivery Now Available In Canada

McDonalds
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I'm lovin' it.

17-Mar-2016 14:55:58

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