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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