‘RuneScape’ Developer Jagex Set to Be Bought by China’s Shandong Hongda

'RuneScape' Developer Jagex Set to Be
Courtesy of Jagex

LONDON — Chinese iron ore mining company Shandong Hongda is set to acquire British computer games developer Jagex Games Studio, the developer of online role-playing game “RuneScape,” in a $300 million deal. Insight Venture Partners owns a majority stake in Jagex, with The Raine Group and Spectrum Equity holding minority stakes.

Jagex said Tuesday that it is not a done deal, despite reports to the contrary. In a statement, the company said: “Jagex has entered into a non-exclusive, non-binding arrangement for a potential acquisition. The negotiations surrounding the acquisition are ongoing and it remains very much business as usual for the company.”

On a post on the forum of “RuneScape,” in which players battle gods, dragons and mythical creatures in the realm of Gielinor, the company said: “Jagex’s shareholders have received offers of interest and have responded positively to an approach from a Chinese company.”

It added: “Jagex is in early stage discussions with the firm in question, but we must stress that they may — or may not — materialize into anything. However, should they come to fruition, it would potentially allow us access to the Asian marketplace to a high level.”

Jagex said its planned launches for “NXT,” “Zeah,” “Chronicle: RuneScape Legends,” “God Wars Dungeon 2,” and “RuneScape: Idle Adventures” remained on track.

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  1. Anna says:

    I love being part of the RuneScape community. Moreover there are now so many services wich makes the game easier, like http://rscheapgold.com/lottery

  2. Raku says:

    If they did touch ‘osrs’ ( old school runescape ), then please bring back revision 429 ( August 23, 2006 ) runescape..or whichever revision that the stronghold of security (July 4 2006 ) first came out. Osrs isn’t ‘old school’ and many players were disappointed that jagex didn’t come out with the true old school experience…but rather the ‘new school experience.’ If they can do this, they will have corrected this wrong by jagex, and many new players would play again, thus making more money than they currently are. The current ‘osrs’ just doesnt appeal to me as its not old school, but based on a time where I was going to quit because of the updates. Many other players feel the same way. They can then later add the missing skill that the current ‘osrs’ has , hunter..so that players don’t miss out on it. Thanks for reading! =)

    • ur dumb says:

      First of all, that isn’t necessarily possible. When OSRS first came back, they made it clear that the latest back up they had was the current 07 version, without the updates they made with it. Bringing back 2006 isn’t possible as they would have to basically re-create the game the exact way it was.

  3. Lovsaphira9 says:

    As long as they don’t touch OSRS and leave the dev team on that. I won’t have problems. However, if they add even the slightest micro-transaction. Me and so many others will probably quit until Rs just dies or is given back to Jagex. Important key factors is that Rs3 should keep the plots on track. Osrs doesn’t receive excessive or anything with real world trading. (Don’t take the free trade!)

  4. Rex says:

    Yes, because whenever I play Runescape, I can’t help but think how much BETTER it would be if it were owned by a f**king CHINESE IRON ORE MINING COMPANY.

    Is there ANY communist-friendly (or in this case, “formerly village-owned”, heheh) interests with which western companies WON’T ally themselves these days just to get a slice of that pie?

    Remember the days when companies that bought other companies actually had an interest in or ACTUALLY KNEW SH!T about their acquisitions rather than just looking for easy places to hide their cash?

    Apparently money laundering is called “incongruous diversification” these days.

    • sarah quinn says:

      you must be new here kid. The company buying jagex has a long ongoing history with online mmorpgs like blade n soul, tera, and more. If those same people want jagex i say go for it, they know what they’r doing and if runescape ends up 21+ ad better graphics at least they’r getting rid of all the kids so stfu and just let it happen or quit, millions more players will flood into this new game no one gives a shit if all the old players quit.

      • conan says:

        What that company has a long history of with games is micro transactions. If you don’t spend $200 a month you might as well not bother playing. They will bleed the community dry then end it.

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