Wargraphs, a gaming startup with only one employee and no outside funding, sells for $54M
https://techcrunch.com/2023/06/15/wargraphs-a-gaming-startup-with-only-one-employee-and-no-outside-funding-sells-for-54m/
While the U.K. and U.S. try to block Microsoft’s acquisition of Activision over concerns it will kill competition in games distribution, competition appears to be alive and well in another (smaller) area of gaming: modding and analytics.
Wargraphs, a one-man-band startup behind a popular companion app for League of Legends called Porofessor, which helps players track and improve their playing stats, is getting acquired for up to €50 million ($54 million), half up front and half based on meeting certain earnings and growth targets.