The developer of on-line role-playing game “RuneScape gold, ”

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Chinese iron ore mining company Shandong Hongda is defined to acquire British online games developer Jagex Games Facilities, the developer of on-line role-playing game “RuneScape gold, ” in a $300 thousand deal. Insight Venture Partners owns a majority stake in Jagex, with The Raine Collection and Spectrum Equity keeping minority stakes.

Jagex said Tuesday it’s not a done work, despite reports to the contrary. In a statement, the company said: “Jagex has entered right non-exclusive, non-binding arrangement for a potential acquisition. The negotiations surrounding the particular acquisition are ongoing and it remains very much business as usual for that company. ”

Old School Runescape gold

Old School Runescape gold

On a post around the forum of “RuneScape gold,” in which participants battle gods, dragons and mythical creatures inside the realm of Gielinor, the company said: “Jagex’s shareholders have obtained offers of interest and also have responded positively to an approach from a Chinese business. ”

It added: “Jagex is in early stage discussions with the firm in question, but we must stress that they may – or might not exactly – materialize into anything at all. However, should they come to be able to fruition, it would potentially allow us usage of the Asian marketplace with a high level. ”

Jagex said its organized launches for “NXT, ” “Zeah, ” “Chronicle: RuneScape Legends, ” “God Wars Dungeon two, ” and “RuneScape: Idle Adventures” remained on the right track.