ResetEra - sold for $4.55 million

ResetEra sold to MOBA Network for $4.55 million:

M.O.B.A. Network has today acquired ResetEra.com, one of the world's largest gaming forum and community brands, which has great growth potential. With the acquisition, M.O.B.A. Network's portfolio expands its reach globally with approximately 60 million page views per month.

ResetEra.com was founded in 2017 and has grown rapidly with a committed audience. Sales in the last twelve months (up to and including 31 August) amounted to approximately USD 700,000 with an EBITDA margin of approximately 80%. The purchase price amounts to USD 4.55 million and will be paid in cash in two tranches, where USD 3.55 million has been paid upon closing, and USD 1 million will be paid by 31 December 2021.

ResetEra.com's revenue is generated through ads and member subscriptions. M.O.B.A. Network sees significant opportunities to increase advertising revenue through a higher share of direct sales, implementation of new ad formats, and a long-term product development strategy. M.O.B.A. Network, therefore, estimates that ResetEra.com can grow sales significantly in 2022 while maintaining an EBITDA margin.

With ResetEra.com, M.O.B.A. Network gets a strong, global community brand and access to a very active discussion forum with over 45 million forum posts and about 55,000 members. The discussion topics on ResetEra.com are broad and cover all kinds of games and platforms such as consoles, PC, and mobile games, which expands the M.O.B.A. Network's position in the gaming industry. ResetEra.com's core values are "inclusivity and diversity," and the community sets high demands for approving membership. The core values and the high membership requirements are also essential to M.O.B.A. Network.

The operational team that runs ResetEra will continue to moderate and engage with the community and work with M.O.B.A. Network on future product development.

"We are very excited and proud to welcome ResetEra.com - one of the world's largest gaming forum and community brands - to our growing number of brands," said Björn Mannerqvist, CEO of M.O.B.A. Network. "ResetEra.com has great growth potential, and we see significant opportunities to develop ResetEra.com, continue to grow traffic flows, improve the sales development and extract synergies within the M.O.B.A. Group."

"ResetEra.com is another step in our strategy to grow through acquisitions and create more relevant communities with attractive, growing target groups that many companies want to expose themselves to," said Björn Mannerqvist.

https://news.cision.com/m-o-b-a-network ... s,c3432579

Era thread: https://www.resetera.com/threads/resete ... te.499677/

Moderators still unpaid volunteers.

The owner hadn't posted on the forum for nearly 2 years which is pretty much half the forum's lifetime. Looks like he turned this community-driven migration away from NeoGAF into a pile of cash for himself, well played.

Would they be interested in buying GRcade for $0.02?

How much is a yike worth now?

Moggy wrote:Would they be interested in buying GRcade for $0.02?

I didn't know my presence was worth that much. :datass:

Vermilion wrote:
Moggy wrote:Would they be interested in buying GRcade for $0.02?

I didn't know my presence was worth that much.

You knocked the price down from $0.04

Tomous wrote:
Vermilion wrote:
Moggy wrote:Would they be interested in buying GRcade for $0.02?

I didn't know my presence was worth that much.

You knocked the price down from $0.04

That's because i'm good value. 8-)

Tomous wrote:
Vermilion wrote:
Moggy wrote:Would they be interested in buying GRcade for $0.02?

I didn't know my presence was worth that much.

You knocked the price down from $0.04

We were worth $1m until Swansea fans ruined the place.

The people who've been handling paid work, such as the tech team, will be making their own arrangements with MOBA Network to continue doing what they do.

"I got mine so strawberry float you guys, you're on your own"

Remember the frantic and frenzied rush to set up a rival site the second it was revealed what Evilore had done? Everyone knew he lived off that place very comfortably, and it always had the feeling of people trying to get a piece of that rather than genuinely reacting to a scummy situation.

The index page gives a very different impression of the value of ResetEra:

Alright, I can reveal I brokered the deal now.

Who does the £4.5m go to?

Hard yikes from me y'all.

Lagamorph wrote:
The people who've been handling paid work, such as the tech team, will be making their own arrangements with MOBA Network to continue doing what they do.

"I got mine so strawberry float you guys, you're on your own"

Great example of labour exploitation here. The fact this has happened to that community in particular makes it even more hilarious.

Cerium gets it all, he bought out a couple of other owners a few years ago for 100% ownership of the place.

Everyone's a socialist until $4.55m lands on the table.

Hey guys I've been thinking, I want to buy your share of the website. I know you could use the money and this is a long-term thing for me. Please let me help out and do this for you.

You could kick 100k to the people who helped on the site and still take a massive wad home.

Lex-Man wrote:You could kick 100k to the people who helped on the site and still take a massive wad home.

Not according to the T&C' s!!!!!!!!!!!

As long as he's got his mansion, millions of dollars and solid gold rocket car, he'll be fine.

And I can't get any of you to buy a game from me. Some millionaire making long con this place turned out to be

Wow, so being the owner of a toxic cesspit really does pay off huh?

ResetEra - sold for $4.55 million

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