Jagex’s parent company may be planning to sell the Runescape developer | PCGamesN

Jagex’s parent company may be planning to sell the Runescape developer

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Despite the ongoing success of Runescape, the owner of developer Jagex is planning to sell its stake in the company less than three years after acquiring it in the first place. In an attempt to reassure fans, however, Jagex has issued a statement saying that the company “has never been in better shape.”

Last week, Reuters reported that Shanghai Fukong Interactive Entertainment planned to sell its stake in the company, which it bought for $300 million (£227.8 million) in 2016. The decision comes in the wake of the resignation of the company’s board of directors in December 2018.

In a statement issued to Eurogamer, Jagex said that Fukong Interactive “has issued a regulatory statement to advise the Chinese financial market” about the potential sale, which would come as part of “a major reorganisation […] with the partial or full sale of Jagex as a potential option.” The developer says that a sale of assets is only one of multiple potential routes that the company may choose to take during the restructure

Understandably, rumours of a sale have proved cause for concern for Runescape’s wider community. The arrival of Fukong doesn’t seem to have been too impactful, but the arrival of a new corporate owner could prove to have long-term effects. Jagex, however, says there’s nothing to worry about.

In its statement, 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 best year ever, with the release of Old School Runescape for mobile helping to push the company past $1 billion in revenue for the first time. Not content to rest on its laurels, the recent mining rework saw a complete overhaul of several of the MMO’s skills.