RuneScape Developer Sold To Shell Corporation
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RuneScape Developer Sold To Shell Corporation

Andada, Gujarat, India Published date: March 17, 2020

The sport needs newer or Android Marshmallow to work. Anyone having an iPhone or iPad will not have access to RuneScape mobile until 2020-- although Old School RuneScape remains readily available for iOS users. It remains to be seen whether the mobile variant of this MMO will prove popular to increase the match playerbase.

RuneScape Developer Sold To Shell Corporation

It is official: RuneScape developer Jagex has been sold to a shell company registered in Delaware. To be fair to Jagex, the programmer that makes RuneScape, it was owned by a Chinese firm called Fukong after being purchased by Hongtou Holdings at 2016. It moved to a different Chinese holding firm that came to be called Fukong Interactive Entertainment. Rumors surfaced that Fukong tried to sell Jagex in order to settle its debts summer. A report surfaced that the business was sold to an American firm named.

Though Jagex was initially being cagey about its financial future, we now have official confirmation that Fukong has indeed sold Jagex into US Platinum Fortune to the price of $530 million USD.The news comes via Reddit consumer Jin001, who was kind enough to interpret the different Chinese financial statements. They confirm state but also that the sale that US Platinum isn't what it seems. It's, in fact, a shell corporation registered in Delaware - a state known as a tax haven thanks to its lax tax laws and unenforced company legislation. It's also possessed by a Chinese lawyer residing in the US.

Remarks on Reddit state that this is a clear move save a little money and to avoid paying UK taxes. Nevertheless, shares with Fukong allegedly fell 15 percent after news broke of this transparent push to avoid paying taxes.Taxes have been a huge thing from the British games industry lately. After it was revealed that some of the greatest names in gambling dodged taxes by launching shell businesses from the Carribean national headlines were created. Rockstar Games and Activision Blizzard are two of the names which use this strategy to avoid paying millions.

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