China’s Shandong buys U.K. game developer Jagex for $300m

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China-based Shandong Hongda Mining Co Ltd has fully acquired for $300 million Jagex Ltd, the largest independent games developer and publisher in the United Kingdom (U.K.).

US law firm Skadden represented Shandong in acquiring Jagex.

Shandong is a listed ferrous metal mining industry firm with headquarters in Shanghai, China. It produces iron powder, copper powder and iron ore, operating mostly in the domestic market.

Located in Cambridge, England, Jagex is the creator of the multiplayer online role-playing game Wild World (RuneScape), played by around 200 million players worldwide.

Jagex’s acquisition is part of Shandong’s plans for business transformation even as it aims to enhance its outbound M & A experience.

Jagex started in 2001 with their flagship free-to-play adventure game, RuneScape, and since then created a long-standing reputation for crafting the world’s best online games services.

Jagex prides itself on developing and publishing hugely popular, accessible, free-to-play online games for millions of players globally.

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