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IVIeat

IVIeat

Posts: 973 Gold Posts by user Forum Profile RuneMetrics Profile
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you idiots with your trigger warnings and pc nonsense.

Lets look at this, a FAILING company from a DECLINING economy on the brink of a RECESSION is OVERPAYING for a FOREIGN company. This is money laundering in it's raw form people.

The problem I see with your rant there is that this mining company is nothing more than the face of the deal (they already have OTHER backers involved).

While it is true that it is a conglomerate, and it's not the mining company specifically, the fact remains that it's laundering, no matter how many parties are involved. It's happening all over the u.k. and u.*., Chinese companies are gobbling up everything they can in an attempt to get money out of China before the economy bursts.

18-Mar-2016 20:53:27

Averia Light

Averia Light

Posts: 28,508 Sapphire Posts by user Forum Profile RuneMetrics Profile
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you idiots with your trigger warnings and pc nonsense.

Lets look at this, a FAILING company from a DECLINING economy on the brink of a RECESSION is OVERPAYING for a FOREIGN company. This is money laundering in it's raw form people.

Obviously fraud is never out of the question, but there are much easier ways to go about laundering money, so I am curious why you think this.

I will admit that I have no idea what the proper selling price for jagex would be. I wouldn't even know where to start hashing out the price even with the financials, so I am also wondering how you know 300m is overpaying.

I'm not trying to be condescending either. I am genuinely curious. And I swear I'm not going to let her know all the pain I have known

18-Mar-2016 21:33:48 - Last edited on 18-Mar-2016 21:35:44 by Averia Light

Averia Light

Averia Light

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For a company that profits as little as this company, with minimal physical assets, and a niche player base, 300m is very over priced. The only thing half way worth it for JAGEX is player data.

Profit is far from everything particularly in acquisitions. The book value of a company usually isn't even a large factor either other than for accounting purposes. There is something called 'goodwill' which is commonly created in acquisitions and includes things like customer loyalty, market dominance, and other things that increases a company's potential selling price but are not on the books.

Again, far be it from me to actually sit and price out what jagex should theoretically sell for, but I wouldn't quickly jump to fraud as the answer to explain the difference in book value and selling price. And I swear I'm not going to let her know all the pain I have known

18-Mar-2016 21:56:54 - Last edited on 18-Mar-2016 21:57:42 by Averia Light

Darth Exar

Darth Exar

Posts: 163 Iron Posts by user Forum Profile RuneMetrics Profile
Btw, for anyone interested, check out a presentation from the Game Developers Conference GDC '13. The title of the presentation is
Understanding Online Gaming Trends in North America, Europe and China (Presented by Tencent)
. There is also another one called
The Tencent Gateway to the China Market
from Game Developers Conference GDC '14. It will give you some insight as to how different the NA / EU game industry is compared to Asian game industry.

18-Mar-2016 21:58:53 - Last edited on 18-Mar-2016 22:29:20 by Darth Exar

Metal Little
Dec Member 2006

Metal Little

Posts: 2,377 Mithril Posts by user Forum Profile RuneMetrics Profile
First and foremost, I've started playing RS in 2006 during the Gower regime, which, in my honest opinion, was the best era of RS. Many veterans still believe it was, indeed, the golden age of RS. Thus, I can see why quite a few of us, including myself, have ill feelings and concerns towards this potential acquisition and pseudo-merger especially looking back on the history of RS through changes in management as well as Asian management.

I understand that the end goal will always be profit, but I can't expect the quality of the game to be better off under the helm of a foreign enterprise especially if said company lacks competence in the gaming industry and is merely after a profit. Think about it! Jagex stands for Java Game Experts, and its expertise is in gaming whereas some Chinese mining firm's extertise lays in the mining business.

As a veteran player who underwent all the changes whether good or bad and stuck with the product, I'd hate to see it relegated to just another side show and laughing stock. Jagex claims it'll be "business as usual" and won't relinquish its degree of control over its content and decision-making, yet the fact remains ( Mod Pips 1 ). Nonetheless, on paper, it seems like China's Shandong Hongda will be the overseer if Jagex fully sells out to them. Regardless, profits should never be placed ahead of your loyal, paying customers.

RS3 has fallen victim to lack of player input and too many cooks. Let's hope that RS as a whole doesn't suffer the same unfortunate fate. To me, aside from player input, the degree of control is the most important negotiable instrument in this matter.

Also, there's still a grey area as to what Shandong is actually acquiring for $300 million. Is this a purchase of assets or a pseudo-merger? Either way, I hope that OSR and Jagex keeps going in a positive direction, and we aren't left in the trenches because without players, there's no game. Need I say more?
~
Metal
~

Bring back the old look on male Armadyl armor!

52-time OSRS/3 Skill Master

18-Mar-2016 22:10:25

NZ Sheeps
Dec Member 2018

NZ Sheeps

Posts: 10,342 Opal Posts by user Forum Profile RuneMetrics Profile
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Also, there's still a grey area as to what Shandong is actually acquiring for $300 million. Is this a purchase of assets or a pseudo-merger? Either way, I hope that OSR and Jagex keeps going in a positive direction, and we aren't left in the trenches because

There is no merger, Jagex itself is the asset that is being sold.

The whole company, all the assets, all the intellectual properties, all the games.

18-Mar-2016 22:31:58

Angel2D4

Angel2D4

Posts: 15,772 Opal Posts by user Forum Profile RuneMetrics Profile
"I hope that OSR and Jagex keeps going in a positive direction, and we aren't left in the trenches because without players, there's no game. Need I say more?"

--

Actually, yes, yes you do.

It's true that without players there is no game, but given that China has (yes, already HAS) a huge number of gamers.. what makes you think they won't end up with more than enough gamers who live in China, to support their game? "Nothing in all the world is more dangerous than sincere ignorance and conscientious stupidity" -Martin Luther King Jr.

18-Mar-2016 23:19:15

Noodle Neck
Dec Member 2023

Noodle Neck

Posts: 135 Iron Posts by user Forum Profile RuneMetrics Profile
As people have said jagex do not currently make enough money -
If I was investing in A company I would want too improve its value/profit base so
obviously the only way to do that is to make changes.

If people are ignorant enough to assume the investors don't have first say you should look into
the concept of investing into companies than decide from their

18-Mar-2016 23:25:33

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