Tuesday, June 20, 2017

GameStop Sells Kongregate To Modern Times Group

San Francisco-based online social gaming site Kongregate, which is owned by Grapevine, Texas-based GameStop, announced today that it has been acquired by Modern Times Group (MTG), in a deal worth $55M. Kongregate offers up free-to-play games online as well as through mobile apps. Kongregate is led by co-founder and CEO Emily Greer, and was acquired by GameStop in 2010. Modern Times Group (MTG) is based in Sweden.