Jagex Confirms Purchase By Chinese Company

It was rumored four months ago that Jagex was in talks to be acquired by a Chinese mining company, and today those rumors were confirmed -- mostly.

What we know is that Jagex has been acquired by a Chinese company. However, as Eurogamer reports, it's not directly the Shangdong Hongda Mining Company but instead "investors are in the process of forming a games-specific Chinese company, which is being processed in the Chinese markets at the moment" and that the "new company will be a part of a group of companies that includes Shandong." So, in essence, it has likely been purchased by the people in charge of Shangdong but not directly by Shangdong. We think.

No terms of the deal, which was originally said to be worth $300 million were announced, and Jagex's Rod Cousens said that it would be "business as usual" going forward for Jagex's games and employees. Of course, that's what every company says when it's acquired by an outside party; at least in this case, Jagex doesn't seem to be struggling in any way we can perceive, so it might actually be true.