Jagex’s guardian firm could also be planning to promote the Runescape developer

Despite the continuing success of Runescape, the proprietor of developer Jagex is planning to promote its stake within the firm lower than three years after buying it within the first place. In an try and reassure followers, nonetheless, Jagex has issued an announcement saying that the corporate “has never been in better shape.”

Last week, Reuters reported that Shanghai Fukong Interactive Entertainment deliberate to promote its stake within the firm, which it purchased for $300 million (£227.eight million) in 2016. The resolution comes within the wake of the resignation of the corporate’s board of administrators in December 2018.

In an announcement issued to Eurogamer, Jagex mentioned that Fukong Interactive “has issued a regulatory statement to advise the Chinese financial market” in regards to the potential sale, which might come as a part of “a major reorganisation […] with the partial or full sale of Jagex as a potential option.” The developer says {that a} sale of property is just one of a number of potential routes that the corporate might select to take through the restructure

Understandably, rumours of a sale have proved trigger for concern for Runescape’s wider group. The arrival of Fukong doesn’t appear to have been too impactful, however the arrival of a brand new company proprietor may show to have long-term results. Jagex, nonetheless, says there’s nothing to fret about.

In its assertion, the developer says that “whatever the outcome of Fukong’s restructure, Jagex continues to execute on our short-term and long-term strategies,” and that “Jagex has never been in better shape.”

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2018 was the developer’s greatest 12 months ever, with the discharge of Old School Runescape for cell serving to to push the corporate previous $1 billion in revenue for the primary time. Not content material to relaxation on its laurels, the latest mining rework noticed an entire overhaul of a number of of the MMO’s abilities.

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