Chinese owner considers selling all or part of Jagex

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Fukong Interactive, the Chinese parent company of Jagex, is contemplating selling the RuneScape developer.

The news comes less than three years after Fukong Interactive bought Jagex, and is a direct consequence of restructuring at the Chinese company after its chairman stepped down in December 2018.

Jagex clarified the situation on a statement on Reddit: “The chairman of the board of directors for the parent company of Jagex, “Fukong Interactive Entertainment” resigned on 28th December 2018, citing personal reasons, after which, a new chairman was elected on 2nd January 2019. The new chairman is making company-wide changes which includes, as disclosed by Fukong on 22nd January 2019, the plan to sell off partial or entire shares in Jagex.”

Jagex continued: “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. 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.”

It remains to be seen whether Fukong Interactive will divest itself of all or part of its stake in Jagex. But to keep abreast of related news, you might want to watch Jagex’s website.