.jpg?q=50&fit=crop&w=1140&h=&dpr=1.5)
MOBA Network has bought popular gaming forum ResetEra for $4.55 million, though its members seemingly don't need to worry about any big changes.
Acquisitions have been big news in gaming for the last few years. From Xbox teaming up with Bethesda to PlayStation picking up partner studios left and right. Today's acquisition news is a little different. ResetEra, the popular video game forum, has revealed it has been bought by Swedish media company MOBA Network.
MOBA Network already owns a number of different sites that play host to dedicated online communities such as Dotafire.com and Leaguespy.net. It also manages more than 1000 creators via its Union For Gamers YouTube Network. However, at $4.55 million and 55,000 active members, ResetEra is MOBA Network's biggest acquisition to date. $3.55 million of that will be made once the deal is closed, and the other $1 million before the end of 2021.
.jpg?q=50&fit=crop&w=825&dpr=1.5)
ResetEra has confirmed in the statement announcing the news the same operational team which has run and moderated the site up until this point will remain in place. The site's FAQ has also been updated to assure members and users that for them, this will actually mean very little. “It’ll mainly just be someone else keeping the lights on. There will be no imposed changes to the rules or to the staff. Members will not have to change how they post,” it reads.
While ResetEra boasts more than 45 million forum posts, it's actually pretty tricky to become a fully-fledged member of the site. As for money, the forum generates revenue through ads and subscriptions allowing users to visit the site without those ads. The site made $700,000 over the last year, which might make the $4.55 million price tag paid by MOBA Network seem a little steep.
Everything and anything about video games is discussed at length via ResetEra and has been since the site was established in 2017. It was born from the fall of NeoGaf after the site's owner was hit with sexual assault allegations. NeoGaf members used that opportunity to venture elsewhere and created somewhere else for gamers to discuss the industry in the form of ResetEra.
Source: