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RuneScape

Jagex parent company looking to sell stake in UK studio

Fukong Interactive is restructuring after a record-setting year for Jagex, although the developer reassures fans this isn't a problem.

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Back in 2016 RuneScape developer Jagex was acquired by Fukong Interactive, but as reported by Yahoo Finance, Fukong has announced they are looking to sell their stake in Jagex.

A Jagex representative took to Reddit to comment on the reports, claiming that after the previous chairman of Fukong resigned on December 28, a new chairman came in on January 2. Company-wide changes are coming in as a result, which includes either selling off partial or entire shares in Jagex.

"On January 23rd, Fukong Interactive issued a regulatory statement to advise the Chinese financial market that it is planning a major reorganisation and is considering sale of assets, with the partial or full sale of Jagex as a potential option. A sale of assets is one of multiple routes Fukong Interactive has available as it restructures and, by making this initial statement to the market, Fukong can now begin exploring such options," Jagex's official statement reads.

"Whatever the outcome of Fukong's restructure, it won't change how you play RuneScape or Old School, and it doesn't affect our plans as we continue to invest in growing Jagex, RuneScape and Old School, building on our record-breaking years, and ensuring we bring you all the new content and updates we have in the works, in addition to more quality of life improvements."

Earlier this month Jagex was celebrating its strongest year ever, with the RuneScape franchise reaching its highest-ever paid membership total over the Christmas period, while lifetime revenue for the franchise surpassed $1 billion USD. It doesn't seem as if this situation will stop them working on the series either, especially since there are multiple options available to Fukong.

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