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Belgari0n

Belgari0n

Posts: 21 Bronze Posts by user Forum Profile RuneMetrics Profile
This is the craziest thing ive ever heard of! I Chinese ore mining company is buying a video game company for 300mil that is losing money. Guaranteed this is a sketchy mining business that is making far to much money and is hiding it in assets to not draw attention. They will buy Jagex and just shut everything down.

To bad Jagex is just throwing their game away for money instead of standing by their game.

18-Mar-2016 01:52:47

Xanadu

Xanadu

Posts: 527 Steel Posts by user Forum Profile RuneMetrics Profile
Original message details are unavailable.


To bad Jagex is just throwing their game away for money instead of standing by their game.

Absolutely, Jagex owners/investors are not emotionally attached to the game itself, it's a money making business now and if they're offered a huge profit by selling to a failing mining company, they will! That's business.

18-Mar-2016 01:58:20

Quantum Evil
Oct Member 2013

Quantum Evil

Posts: 4,689 Adamant Posts by user Forum Profile RuneMetrics Profile
Original message details are unavailable.
Cat, that's why I posted here and not forum help. What they said was not racist, but was very close to being such.

People say racist things all the time without meaning to. A reminder that they need to be careful how they phrase it does not do any harm. Racist comments do.

Slippery slope. You can define racism in ways that make the definition of racism a weapon to stifle righteous and just concern of the people. In this case, you seem to be using racism as a tool to justify advising people to "be careful" of their wording.

If you have a fact linking people in a geographical area to a particular activity and you call it like it is without singling out a race ( because it could be anyone of any race that just happens to be in China ) then you are not being racist.

Those who point out gold farming and where it comes from are not racist by virtue of saying fact as long as it is indeed a fact. My concerns as stated before of a Chinese firm gaining control of the game and instituting censorship are also backed up by the fact that China dose indeed censor free speech and expression. It's a fact, it's not racist.

As for the financials of the company buying Jagex, I did not just look at News, I looked at other financial data that suggested the company is simply not likely to stay solvent ( unless some outside capital starts coming in ( say from the Chinese government or a loan ).

Fact is that either the company acquiring jagex makes money, breaks even or loses money. all external indications indicate the Acquiring company is hemorrhaging badly. If you made decisions based on what was good for the game ( and we are not ) then the acquiring company would never past the test and would be rejected in favor of a company who's balance sheet is at least break even.

Im not so much concerned, I think Runescape will live, just extremely baffled by this. Part of me hopes the UK kills the deal. Likely not though.

18-Mar-2016 02:15:52 - Last edited on 18-Mar-2016 02:16:57 by Quantum Evil

E-TRADE PRO

E-TRADE PRO

Posts: 200 Silver Posts by user Forum Profile RuneMetrics Profile
well time to quit runescape... yeah lets let a company from a communist country hack all of our information well in this instance buy our personal information... this insight ventures group owns 55% of jagex clearly there cashing out.. andrew and his bro are already non existent they have cashed out as well.. why has jagex been so secretive about 2015 financial news ugh oh somethings not well in the kingdom..

why is jagex selling out? On 4 May 2007, Jagex announced that RuneScape has over 9,000,000 free players and over 1,000,000 pay-to-play subscribers.

hey jagex what are those 2016 player base numbers


if jagex is purchased in any partnership with chinese corporations count me out.. jagex its been a fun ride since 2006 but this is un acceptable and i believe soon itle be time to part ways sad but true sell outs!!! freaking sell outs!!!

18-Mar-2016 02:21:46

Xanadu

Xanadu

Posts: 527 Steel Posts by user Forum Profile RuneMetrics Profile
Original message details are unavailable.

if jagex is purchased in any partnership with chinese corporations count me out.. jagex its been a fun ride since 2006 but this is un acceptable and i believe soon itle be time to part ways sad but true sell outs!!! freaking sell outs!!!

There's no partnership... The Shandong Hongda Mining company want Jagex 100%!! It makes no sense whatsoever! But to the investors we have now - Money talks...

18-Mar-2016 02:33:20 - Last edited on 18-Mar-2016 02:33:59 by Xanadu

Angel2D4

Angel2D4

Posts: 15,772 Opal Posts by user Forum Profile RuneMetrics Profile
Hey guys (and gals, if applicable) there's something y'all seem to be missing in the mix here...

This isn't on jagex. Not jagex the company, at any rate (and jagex has no control over what's going on here). Sadly, even the jmods stand to lose far more than a mere player (they would/will/have lose livelihoods, paychecks).

Investors took over ownership in 2010 (for anybody not watching the news back then, that's when Andrew Gower sold his controlling interest in the company).

It wasn't just Insight.. there was Raine.. and more. Insight simply had controlling interest back in '10 (but had already invested before Andrew selling out, back in '05 I believe).

Those investors.. collectively.. are the ones who will (or already have) decide(d) if this mining company can buy jagex.

Jagex isn't the one who gets to decide it. Jagex isn't the ones 'selling out'.

And it's looking more and more like it isn't as simple as just a mining company acquiring jagex.. y'all ought to go researching.. the info is out there.. no, really, it is. "Nothing in all the world is more dangerous than sincere ignorance and conscientious stupidity" -Martin Luther King Jr.

18-Mar-2016 02:33:51

Xanadu

Xanadu

Posts: 527 Steel Posts by user Forum Profile RuneMetrics Profile
Original message details are unavailable.

And it's looking more and more like it isn't as simple as just a mining company acquiring jagex.. y'all ought to go researching.. the info is out there.. no, really, it is.

The Shandong Hongda Mining Co Ltd are collectively a mix of different investors - yes I agree but if the sale goes ahead it will be them with the ownership title.

18-Mar-2016 02:39:04 - Last edited on 18-Mar-2016 02:39:20 by Xanadu

Quantum Evil
Oct Member 2013

Quantum Evil

Posts: 4,689 Adamant Posts by user Forum Profile RuneMetrics Profile
It should be noted that I use Jagex as a blanket term for the investors and company. This shortens my already long messages. It is ( at least by me ) already known that this is not just 1 entity buying Jagex but again, sticking to talking about the Acquiring company instead of going into all actors in this situation helps to shorten things up a bit.

18-Mar-2016 02:39:07

Angel2D4

Angel2D4

Posts: 15,772 Opal Posts by user Forum Profile RuneMetrics Profile
Original message details are unavailable.
It should be noted that I use Jagex as a blanket term for the investors and company. This shortens my already long messages. It is ( at least by me ) already known that this is not just 1 entity buying Jagex but again, sticking to talking about the Acquiring company instead of going into all actors in this situation helps to shorten things up a bit.

Given that this mining company is looking at a quarter of cost/revenue I think it's shortchanging the situation by lumping everyone together. "Nothing in all the world is more dangerous than sincere ignorance and conscientious stupidity" -Martin Luther King Jr.

18-Mar-2016 02:41:22

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