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I am Test

I am Test

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I
There are many ways to get the money they need and want, but this company consistently chooses the lowest, dirtiest, cheapest way to sell out the integrity of this game and its players for a quick buck.

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why is an ORE MINING company interested in runescape, and why is Jagex interested in talks with them?[/i] To me, it seems like Jagex is just selling out.


Quotes like the above are really irritating. Jagex has nothing to do with this sale . The current investors, and that menas IVP, Spectrum equity and friends, were approached by that Chinese conglomerate and went into talks with them. This deal is being made by the current US investors who own a majority stake in Jagex, not by Jagex Ltd.

I can guarantee that a lot of Jagex staff were hit by these news like a hammer (although they probably knew about this way earlier then we did) and are just as worried as we are, behind their public-relation-department-approved-policitally-correct-my-little-pony-rainbows-everywhere post of that mod on the first page.

18-Mar-2016 10:03:19

Warrior Lady
Sep Member 2021

Warrior Lady

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Will our bank information (our payments with card numbers)be at risk because of this? I am worried about that. When does this take place? Is it wise to continue to pay from our bank, or should we find other ways? I do not want to quit but I do not want something bad to happen either. I mean in the event the company is involved with these kinds of things. I guess any company could be or not. I hope Jagex thinks about that, and is careful.

18-Mar-2016 10:31:57 - Last edited on 18-Mar-2016 10:40:51 by Warrior Lady

Quantum Evil
Oct Member 2013

Quantum Evil

Posts: 4,689 Adamant Posts by user Forum Profile RuneMetrics Profile
Original message details are unavailable.
Original message details are unavailable.
I
There are many ways to get the money they need and want, but this company consistently chooses the lowest, dirtiest, cheapest way to sell out the integrity of this game and its players for a quick buck.

Original message details are unavailable.

why is an ORE MINING company interested in runescape, and why is Jagex interested in talks with them?[/i] To me, it seems like Jagex is just selling out.


Quotes like the above are really irritating. Jagex has nothing to do with this sale . The current investors, and that menas IVP, Spectrum equity and friends, were approached by that Chinese conglomerate and went into talks with them. This deal is being made by the current US investors who own a majority stake in Jagex, not by Jagex Ltd.

I can guarantee that a lot of Jagex staff were hit by these news like a hammer (although they probably knew about this way earlier then we did) and are just as worried as we are, behind their public-relation-department-approved-policitally-correct-my-little-pony-rainbows-everywhere post of that mod on the first page.

Yeah, you can think what people are saying is irritating and all but last I checked the investors held a majority of Jagex, not all of it. Apparently the acquiring company is buying 100% of Jagex. That means everyone holding jagex stock jumped ship. This is one reason I personally just use Jagex when referring to EVERYONE having to do with the company.

What this sale seems to display is everyone connected in anyway with Jagex deciding there was no long term future that would result in profit. They just seem to be jumping out while the money is still good.

I would have liked to see the investors chose a buyer that has at least a background in software development, that would have seemed to be better for the game and community.

18-Mar-2016 10:37:14 - Last edited on 18-Mar-2016 10:48:23 by Quantum Evil

I am Test

I am Test

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Will our bank information (our payments with card numbers)be at risk because of this? I am worried about that. When does this take place? Is it wise to continue to pay from our bank, or should we find other ways? I do not want to quit but I do not want something bad to happen either.
Jagex Ltd is a UK based business, registered in and trading from the UK. They're subject to UK / EU data protection laws, regardless who owns them. They cannot simply transfer their customers personal data to China. That would violate UK and EU laws.

Even if Jagex Ltd would be entirely transferred to China someday, the EU will not allow data from its citizens to be transferred over that easily. However if you're not from the UK / EU at that point, your data may not be protected (especially if you're a US citizen). But that's still a long way off. Jagex will continue operations from the UK for quite a while and be subject to UK jurisdiction. Nothing to worry about in the short term.

18-Mar-2016 10:42:54

Quantum Evil
Oct Member 2013

Quantum Evil

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Your current payment information should be safe. Most companies do not store card information locally anymore. So an acquisition should not give the acquiring company automatic access to your card information.

The question mark really is what happens when you have to put new payment info in, like when you have to change to a new credit card after the acquisition. Will the new company have different policies in storing information about your card? Will they skim Credit card information as it is being entered into their site? These are questions with no answers yet.

18-Mar-2016 10:44:11 - Last edited on 18-Mar-2016 10:44:46 by Quantum Evil

I am Test

I am Test

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Yeah, you can think what people are saying is irritating and all but last I checked the investors held a majority of Jagex, not all of it. Apparently the acquiring company is buying 100% of Jagex. That means everyone holding jagex stock jumped ship.

But who is holding Jagex shares ? Insight holds them alone 55%. Then there's the Raine group and Spectrum. A lazy Google search didn't turn up specific share ownership figures on those, but some with more time and who know where to look might find them. If you put all external investors together, you probably end up with quite a bit amount of shares in the hands of financial investors. And those job is, well, make money by buying and selling companies. I don't know about who holds the remaining minority shares in Jagex and I don't know much about UK corporate law, but in many jurisdictions it is unfortunately legally possible for majority shareholders to pressure minority holders into selling.

If you want to blame anyone for "selling out", then blame the Gowers. Although I would probably have done the same thing they did, to be honest.

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I would have liked to see the investors chose a buyer that has at least a background in software development, would have seemed to be better for the game and community.
That would have been worse. The advantage of a non-gaming company is that they require Jagex expertise. That leaves at least some control to Jagex as the new owners won't interfere too much. A gaming company would just change everything to fit their own operative models.

18-Mar-2016 10:53:34

Xanadu

Xanadu

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I would have liked to see the investors chose a buyer that has at least a background in software development, would have seemed to be better for the game and community.

There's a misconception on this potential sale of Jagex.. Jagex are not and were not advertising the sale of the company, the Shandong Hongda company approached Jagex and waved $300m in their faces.

18-Mar-2016 11:01:38

Xanadu

Xanadu

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Thank you for the answers. I hope that all is OK. I was just getting nervous about that. Thank you.

No one can be sure, I've now removed all my bank details from all my accounts until I know what's what.

18-Mar-2016 11:02:39

Dark Avatar9

Dark Avatar9

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The amount of China phobic comments on this thread is mind numbing. People need to get a hold of themselves. You're treating a legitimate business and a country as if its a group of petty thieves. It's quite disturbing that Jagex is allowing such comments.

18-Mar-2016 11:17:55

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