Home » Latest News » Other » M.O.B.A. Network buys Wargraphs for $53.9M

M.O.B.A. Network buys Wargraphs for $53.9M

M.O.B.A. Network buys Wargraphs for $53.9M

The gaming services and in-app developer Wargraphs was acquired by M.O.B.A. Network, the owner and operator of several of the world’s top gaming communities, for $53.9 million.

Professor was developed by the modding company Wargraphs and is compatible with the Overwolf modding platform. In-game creators, or UGC as Overwolf calls them, are having a momentous year.

Battle Approved Motors. Invest Today!!
Get a $250 Amazon Gift Card. Apply Today!

For titles like League of Legends, Teamfight Tactics, and Legends of Runeterra, as well as the most popular in-game program in the world, Professor, Wargraphs offers players crucial statistics and data.

Professor, which has over 10 million app downloads and 800,000 daily active users, is hosted on Overwolf, an all-in-one platform enabling game developers to make, distribute, and make money from their own custom content for video games. The software helps League of Legends players by giving them access to replays, analyzing their games afterward, recommending builds, and more.

Since M.O.B.A. Network’s primary goal is to provide platforms and tools for creators to share content and gaming techniques with people all over the world, this acquisition is in line with that goal.

Read More: An AI Business Raises $113 M a Month After Founding

M.O.B.A. Network to Acquire Wargraphs, Expanding Global Reach

M.O.B.A. Network CEO Björn Mannerqvist said in a statement, “As the home of some of the world’s most popular and high-quality gaming communities, M.O.B.A. Network is excited to add one of the leading gaming services providers to our roster.” “By combining our industry-leading operations with Wargraphs’ community and passionate leader, we’ll be able to launch services in new regions, reach more gamers, and help bring more gaming services to gamers across the globe.”

The corporation is engaged in the acquisition, development, and operation of premier online gaming communities. M.O.B.A. Network has acquired Wargraphs with the intention of expanding its library of games and attracting a more diverse user base.

“I started this journey ten years ago with League of Graphs, a high-quality stats website, which evolved into a way for players to understand their match statistics, champion performance, and other key aspects of gameplay,” explained Jean-Nicolas, founder of Wargraphs.

With the help of Overwolf, a technology platform that facilitates the development of gaming applications by third parties, I released what is now Professor in 2017 and adapted it to become an in-game app that players can use in-game and in real time. With the help of the M.O.B.A. Network, I can continue to put the needs of the gaming community first as I expand my Professor to serve as many players as possible.

Read More: Jennie of BLACKPINK Joins MCU?

Overwolf: In-Game Creators are the Future of Gaming

Overwolf CEO Uri Marchand said in a statement, “The acquisition of Wargraphs reinforces the fact that passionate in-game creators have the power to build highly-valued businesses that cater to millions of gamers worldwide.” We’ve always believed that in-game creators are the future of gaming, and seeing one of our own developers reach this milestone proves that we were right.

The purchase price was divided into an upfront payment of 25 million euros and a maximum additional consideration of 25 million euros, contingent on meeting profitability (EBITDA) targets for the first 12 and 24 months after the acquisition.

M.O.B.A. Network is in the business of buying up, building out, and running online gaming communities for players all over the world. Twenty web-based worldwide businesses and the YouTube network Union For Gamers (UFG) with more than a thousand video creators make up what is perhaps the largest gaming community network in the world, which is owned by the corporation.

About Sophia Joel

Sophia Joel, a Mass Communication graduate, is an accomplished author known for her captivating storytelling. With a passion for writing that began in her youth, she has established herself as a respected voice in journalism and fiction. Sophia's versatile style and thought-provoking themes have earned her critical acclaim. She continues to push boundaries and inspire readers with her evocative narratives.