ResetEra sold to the Swedish MOBA network for $4.55 million

The Swedish MOBA Network has announced the acquisition of one of the world’s largest gaming forums, ResetEra, for a whopping $4.55 million.

If you follow the news about video games and the wider industry, you will probably often see ResetEra mentioned. Founded in 2017 after NeoGAF was rocked by allegations of misconduct against its owner, the forum earns about $700,000 a year through advertisements. Its members include numerous video game industry professionals and journalists.

“MOBA Network sees significant opportunities to increase ad revenue through increased share of direct sales, implementation of new ad formats and a long-term product development strategy,” reads a press release. “MOBA Network therefore estimates that can significantly grow sales in 2022 while maintaining EBITDA [Earnings Before Interest, Taxes, Depreciation, and Amortization] margin.”

In a few years, ResetEra has accumulated over 45 million forum posts and approximately 55,000 members. The moderators work on a voluntary basis.

on the forum, owner Cerium assured members that the site’s day-to-day operations will not change and that MOBA Network will remain hands-off.

“I’ve struggled with this decision for a long time, but if I’m honest with myself, I know I won’t be able to do this forever,” Cerium wrote. “Finding a responsible buyer for the site was the right choice.”

Cerium revealed that there were several interested buyers, but he chose MOBA Network because it has a track record of acquiring sites and giving them the resources they need to succeed without disrupting their operations.