MTG completes deal for games firm Kongregate

Modern Times Group (MTG) has closed its US$55 million acquisition of US games publisher and developer Kongregate. MTG announced the deal a month ago and has now bought 100% of the San Francisco-based games company, which will be fully consolidated into MTG’s digital business MTGx from August 1. MTG has ben increasingly moving away from […]

MTG acquires games publisher Kongregate

Modern Times Group (MTG) is to acquire US games publisher and developer Kongregate from its current owner GameStop Corp for US$55 million. San Francisco-based Kongregate, which began life as a browser-based games developer but expanded into mobile and ‘Steam’ games and recently acquired San Diego-based games studio Ultrabit, grew its net sales by 38% last […]