Gaming media company M.O.B.A. Network (MOBA Network) has announced the acquisition of Wargraphs, the company behind League of Legends companion app Porofessor, for up to €50m (~£42.8m).
The acquisition will see Porofessor join MOBA’s list of online communities such as Leaguespy, Dotafire, Counterstats and others. The company noted that the acquisition will help it grow its portfolio of supported games.
Founded in 2017, Wargraphs is an app development company behind Porofessor, a popular statistics and data app for League of Legends, Teamfight Tactics and Legends of Runeterra. Porofessor is an app created on Overwolf, a platform that allows for the creation of in-game mods and apps.
MOBA Network owns and operates a large number of gaming websites focused on a range of genres, including MOBA, FPS, TCG and other communities. Their properties range from in-game tips to statistics and strategy guide websites, as well as websites that track official news and data from the likes of Blizzard. The company also operates content-creator focused platforms Creator1 and Union for Gamers.
According to the two companies, the acquisition will be divided into two parts, an initial €25m (£21.4m) round, and a possible second €25m payment based on the target achieved EBITDA for 12 and 24 months. This means that there is a possibility of a total of €50m (£42.8m) but the price might be lower depending on future results.
Björn Mannerqvist, M.O.B.A. Network CEO, commented on the acquisition: “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.”
