We’ve learned (via The Financial Times) that Runescape developer Jagex might be purchased by a Chinese mining company.

The company, known as Shandong Hongda, has entered negotiations to purchase the British developer for a sum of $300 million.

Shandong is known to primarily mine iron ore, so its curious why they’re expanding into MMORPG games.

Jagex issued a statement to MassivelyOP:

“Jagex has entered into a non-exclusive, non-binding arrangement for a potential acquisition. The negotiations surrounding the acquisition are ongoing and it remains very much business as usual for the Company.”

This is similar to SNK Playmore being purchased by Chinese company Leyou Technologies – there is big money in China and I wouldn’t be surprised to see more buyouts happening with other independent developers.