Company buys popular League of Legends app for $55 million.

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Company buys popular League of Legends app for $55 million.

If you have only a trivial interest in League of Legends, you almost certainly know about Porofessor and League of Graphs. These sites are indispensable tools for the enthusiast player, and as stat aggregators, they show who is fighting what, when, where, and against which league champion. Leagueheads may not know that these two sites and their associated versions of Legends of Runeterra and Teamfight Tactics were created by one person as a company called Wargraphs. That person has now sold the company for a rather hefty fee.

The deal is worth 50 million euros, or about $54.6 million at current rates. wargraphs' Porofessor and League of Graphs have 10 million downloads, an average of 1.25 million users per day, and its website has received about 4.5 billion page views since its launch. They had a healthy revenue of about €12.3 million in the fiscal period ending November 30, 2022.

Wargraphs was a one-employee company run by Jean-Nicolas Mastin in Paris, but is now part of MOBA Network, a Sweden-based company that "acquires, develops and operates gaming communities for the global gaming market."

"Together with the founders who will join the M.O.B.A. team, we already have plans to further develop the assets and expand into new games and markets. With the acquisition, M.O.B.A. will add extensive capabilities and lead the way in our way to becoming home to the world's most popular and high-quality gaming community and product," said Björn Mannerqvist, CEO of MOBA Network.

Wargraphs will pay half up front for Jean-Nicolas Mastin to remain with MOBA as an employee, and will receive half upon achieving certain revenue and growth targets.

I am quite curious how this will play out; MOBA Network certainly wants to make the money Wargraphs is making in advertising, but the secondary objective here is clearly the acquisition of technology. What games do they intend to direct these tools at next?

TechCrunch, great spot.

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