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GameStop Acquires Flash Gaming Portal Kongregate

Game retailer GameStop has announced the acquisition of popular Flash-based online gaming portal Kongregate, for an unspecified amount.

According to a statement released by GameStop, the acquisition, which will be completed by 1 August 2010, will see the Kongregate operating as a wholly owned subsidiary of GameStop, with co-founders Jim and Emily Greer continuing to run it as before.

Kongregate is a popular online gaming platform that offers interactive Flash-based games to its users. It has around 10 million monthly active users that spend, on average, 23 million hours on the platform each month.

GameStop explained that the acquisition was a part of the company's plans to expand its presence on the digital platform and will look to combine its game offerings with the social web gaming platform.

The CEO of GameStop, J. Paul Raines, said: “Kongregate advances GameStop's digital strategy by providing a gaming platform for casual, mobile and browser games that can be promoted and played by our existing gamers. We welcome the Kongregate team to the GameStop family.”