Overwolf Acquires Tebex For $29 Million So Players Can Monetize Private Servers

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Overwolf announced today that it has acquired Tebex for $29 million. Tebex is a platform that allows users to monetize private servers in certain games. This expands Overwolf’s options for users who want to monetize their user-generated content.

Tebex offers multiple options for users looking to monetize private servers, including setting up web stores and managing payouts to creators. Tebex’s solution currently works with games like Rust, Ark: Survival Evolved, and Minecraft, and is said to have helped creators earn $500 million. Tebex will continue to operate from Overwolf.

Tebex CEO Lee McNeil said in a statement: “From the moment we first met the Overwolf team, it was clear of their commitment to the UGC market and ensuring creators were getting paid for their hard work. By member Joining Overwolf will allow Tebex to expand its offering to more game servers, publishers, and most importantly, enable us to further grow our existing game server communities. Their commitment to helping us grow the game server industry will Pushing Tebex into our next growth chapter.”

With this acquisition, Overwolf will expand its offering to users and game makers to include private server owners. The company plans to include Tebex in its offering to expand the in-game creator economy.

Uri Marchand, CEO of Overwolf, added: “Tebex shares our unwavering commitment to finding ways to support game communities and game studios seeking to empower in-game creators to create content on top of their games. As champions of in-game app makers and mod authors, we are excited to partner with a new category of creators – server owners – to continue to build new experiences in the industry.By combining our industry-leading business with the technology and passionate team of Tebex, we can we reach more creators and help them earn a sustainable income for their work.”

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This post Overwolf Acquires Tebex For $29 Million So Players Can Monetize Private Servers

was original published at “https://venturebeat.com/2022/03/15/overwolf-acquires-tebex-for-29m-so-players-can-monetize-private-servers/”