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Potential Acquisition - Update Thread is locked

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Orcrist9
Oct Member 2015

Orcrist9

Posts: 7,183 Rune Posts by user Forum Profile RuneMetrics Profile
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The deal, which is conditional upon government approval in the PRC, is due to close at the end of June.



They still need the go ahead from the Chinese government and there are still more than 3 months before "the end of June". There is a quiet period of 3 months. The chance is nobody from Jagex will have anything to tell until they get pulled into a Town Hall meeting with the new bosses at the end of June.

In the mean time, it is business as usual for Jagex. Employees go back to work. Players go back to play.


This all depends on whether Insight is selling in the first place, and then there's the Raine Group and Spectrum Equity Investors with their shares, and you can bet they're going to be throwing the company charter bylaws at everyone and everything (unless they too are selling).
Here, I'll give you this strawberry if you keep it a secret!

21-Mar-2016 02:52:49

Dilbert2001
Jun Member 2006

Dilbert2001

Posts: 30,168 Sapphire Posts by user Forum Profile RuneMetrics Profile
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The deal, which is conditional upon government approval in the PRC, is due to close at the end of June.



They still need the go ahead from the Chinese government and there are still more than 3 months before "the end of June". There is a quiet period of 3 months. The chance is nobody from Jagex will have anything to tell until they get pulled into a Town Hall meeting with the new bosses at the end of June.

In the mean time, it is business as usual for Jagex. Employees go back to work. Players go back to play.


This all depends on whether Insight is selling in the first place, and then there's the Raine Group and Spectrum Equity Investors with their shares, and you can bet they're going to be throwing the company charter bylaws at everyone and everything (unless they too are selling).


If there was no mutual interest at its advanced stage, the deal wouldn't get reported in major financial newspapers and no Jagex staff would be allowed to acknowledge it in a forum.

Think what the new CEO had done so far? Nothing at all on the surface apparently but then came this news. Obviously, some specialist was brought in to find the company a buyer. You bet if Jagex was not going to be sold to this Shangdong company, it would be sold to somebody else eventually.

21-Mar-2016 03:26:25 - Last edited on 21-Mar-2016 03:27:09 by Dilbert2001

Xanadu

Xanadu

Posts: 527 Steel Posts by user Forum Profile RuneMetrics Profile
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This all depends on whether Insight is selling in the first place, and then there's the Raine Group and Spectrum Equity Investors with their shares, and you can bet they're going to be throwing the company charter bylaws at everyone and everything (unless they too are selling).


If there was no mutual interest at its advanced stage, the deal wouldn't get reported in major financial newspapers and no Jagex staff would be allowed to acknowledge it in a forum.

Think what the new CEO had done so far? Nothing at all on the surface apparently but then came this news. Obviously, some specialist was brought in to find the company a buyer. You bet if Jagex was not going to be sold to this Shangdong company, it would be sold to somebody else eventually.[/quote]

The Shandong Hongda Mining Company are wanting to buy Jagex 100% which includes Raine and Spectrum shares. The CEO only controls the company as a business & how it's run and has nothing to do with the sale and it were the Chinese company that approached Jagex, Jagex were not initially up for sale.

21-Mar-2016 08:56:25 - Last edited on 21-Mar-2016 08:56:49 by Xanadu

Alexandru

Alexandru

Posts: 2,487 Mithril Posts by user Forum Profile RuneMetrics Profile
Please be wary of making deals with chinese firms.

If they run businesses like they run their country, I don't expect to see a lot of transparency.
Generally, when they invest in movies/games, they expect to see "china is amazing" propaganda or else they won't allow free access to the chinese market.

I am very concerned with the future of this game. I don't want my account locked in the future for bad-mouthing china's government. They are a very strict regime.
[!] Warning!
The above text is not for the faint of heart.
Warning! [!]

21-Mar-2016 09:51:14

Dilbert2001
Jun Member 2006

Dilbert2001

Posts: 30,168 Sapphire Posts by user Forum Profile RuneMetrics Profile
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This all depends on whether Insight is selling in the first place, and then there's the Raine Group and Spectrum Equity Investors with their shares, and you can bet they're going to be throwing the company charter bylaws at everyone and everything (unless they too are selling).


If there was no mutual interest at its advanced stage, the deal wouldn't get reported in major financial newspapers and no Jagex staff would be allowed to acknowledge it in a forum.

Think what the new CEO had done so far? Nothing at all on the surface apparently but then came this news. Obviously, some specialist was brought in to find the company a buyer. You bet if Jagex was not going to be sold to this Shangdong company, it would be sold to somebody else eventually.


The Shandong Hongda Mining Company are wanting to buy Jagex 100% which includes Raine and Spectrum shares. The CEO only controls the company as a business & how it's run and has nothing to do with the sale and it were the Chinese company that approached Jagex, Jagex were not initially up for sale.[/quote]

Are you the CEO or some big cheese in Jagex's parent who hired that person? Only Jagex's Board members know, and the fact is they are happy to sell the company to its new boss in China and the jmod who initated this thread praised the opportunities they see the new boss bring to Jagex. Only Jagex knows what's the role of their current CEO and what had he done, but to the players there's nothing, not even a word from him.

I bet even Mod Pips doesn't know a thing but obviously all new bosses are good bosses as long as that employee stays on board. ;)

21-Mar-2016 10:48:34

Xanadu

Xanadu

Posts: 527 Steel Posts by user Forum Profile RuneMetrics Profile
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The deal, which is conditional upon government approval in the PRC, is due to close at the end of June.



They still need the go ahead from the Chinese government and there are still more than 3 months before "the end of June". There is a quiet period of 3 months. The chance is nobody from Jagex will have anything to tell until they get pulled into a Town Hall meeting with the new bosses at the end of June.

In the mean time, it is business as usual for Jagex. Employees go back to work. Players go back to play.


"This all depends on whether Insight is selling in the first place, and then there's the Raine Group and Spectrum Equity Investors with their shares, and you can bet they're going to be throwing the company charter bylaws at everyone and everything (unless they too are selling).


If there was no mutual interest at its advanced stage, the deal wouldn't get reported in major financial newspapers and no Jagex staff would be allowed to acknowledge it in a forum.

Think what the new CEO had done so far? Nothing at all on the surface apparently but then came this news. Obviously, some specialist was brought in to find the company a buyer. You bet if Jagex was not going to be sold to this Shangdong company, it would be sold to somebody else eventually.
"

The quotes have been misplaced, I'm not sure why.

21-Mar-2016 11:01:51

Mod Balance

Mod Balance

Jagex Moderator Forum Profile Posts by user
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I know it is Sunday in the UK as I live there too. :)
So I expect minimal staff available to read these comments of ours
BUT
Are they still reading this or is it just to placate us?

Buzz

We're still very much reading and noting your questions. We are limited in what we can say, for obvious reasons, but where we can provide more clarity we'll do our best to do so.
Mod Balance
| Head of Community |
Follower of Guthix

21-Mar-2016 11:56:30

Xanadu

Xanadu

Posts: 527 Steel Posts by user Forum Profile RuneMetrics Profile
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I know it is Sunday in the UK as I live there too. :)
So I expect minimal staff available to read these comments of ours
BUT
Are they still reading this or is it just to placate us?

Buzz

We're still very much reading and noting your questions. We are limited in what we can say, for obvious reasons, but where we can provide more clarity we'll do our best to do so.


Is there anything more you can tell us? How likely is the sale going to go ahead?

Blink once for yes, blink twice for no... ;)

21-Mar-2016 12:20:44

Eva Element

Eva Element

Posts: 14,751 Opal Posts by user Forum Profile RuneMetrics Profile
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I know it is Sunday in the UK as I live there too. :)
So I expect minimal staff available to read these comments of ours
BUT
Are they still reading this or is it just to placate us?

Buzz

We're still very much reading and noting your questions. We are limited in what we can say, for obvious reasons, but where we can provide more clarity we'll do our best to do so.


Is there anything more you can tell us? How likely is the sale going to go ahead?

Blink once for yes, blink twice for no... ;)


How many blinks for pointless panic before any real information comes to light? Because we seem to be doing that.
I'm a big entropy fan.

All subtlety and nuance of a napalm enema

21-Mar-2016 12:36:47

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