M.O.B.A. Network Acquires Wargraphs for $54M USD

Published by

James Fudge

11 months ago

On May 30, Sweden-based M.O.B.A. Network AB completed its acquisition of France-based in-game application developer Wargraphs. The one-man operation founded by 25-year-old Jean-Nicolas Mastin , developed Porofessor, an in-game application built using Overwolf’s app creation platform that provides users statistics and data for games such as League of Legends, Teamfight Tactics, and Legends of Runeterra.

The story was first unearthed by TechCrunch on Thursday.

Under the terms of the deal, Wargraphs will receive €50M ($54M USD), with half paid at the time of acquisition and the rest paid out based on meeting certain financial milestones and growth targets.
M.O.B.A. Network announced its plans to acquire the company on May 6.

Interestingly enough, on June 1, M.O.B.A. Network announced that its debt in acquiring Wargraphs was slightly lower due to a miscalculation in the company’s cash position. M.O.B.A. Network reported after acquiring Wargraphs that it had a cash position (from Dec. 1, 2022, to May 31) of € 2.0M – € 2.5M ($2.18M – $2.73M USD), but its actual cash position was € 3.3M ($3.6M USD).

Through its software, Wargraphs had an average of 800,000 daily active users and generated most of its revenue through advertising.

James Fudge

With a career spanning over two decades in the esports and gaming journalism landscape, James Fudge stands as a seasoned veteran and a pivotal figure in the evolution of esports media. His journey began in 1997 at Game-Wire / Avault, where he curated gaming and community news, laying the groundwork for his expertise in the field. In his more recent roles, James cemented his status as an authority in the esports business sphere as Senior Editor Esports at Sports Business Journal and The Esports Observer between 2018 and 2021.