GameStop Acquires Social Games Platform Kongregate

Large video game retailer GameStop acquired social gaming platform Kongregate today.  An acquisition price was not disclosed, but Kongregate says it is the home of 10 million monthly players who spend 23 hours a month using the site.  

In a world where people download complex games to play on their consoles, but also play simple social games on sites like Facebook, GameStop was smart to make a move like this.  In a statement, Kongregate cofounder Jim Greer said:

To date, our company’s unique DNA has given more than 8,500 game developers the tools to make their games social, reach a huge audience and make money from over 30,000 innovative games. This includes access to virtual currency and robust community features such as leaderboards, player achievements, profiles, multiplayer, dedicated game forums, and a site-wide leveling system. Our community will only be enhanced with GameStop’s close relationship with millions of passionate gamers.

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