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General

MTG buys US games publisher Kongregate for USD 55 mln

Tuesday 20 June 2017 | 09:07 CET | News
MTG has agreed to acquire US games publisher and developer Kongregate from GameStop for USD 55 million. The deal is subject regulatory approval and other closing conditions. Kongregate, based in San Francisco, employs 80 people. Revenues (net of revenue share with developers) lifted 38 percent last year to USD 35 million, with mobile revenue generated from in game purchasing and advertising jumping 74 percent. The company is expected to generate revenues of at least USD 50 million, with an EBITDA margin of 10 percent. It attracts up to 14 million monthly active users across all platforms,

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Categories: General
Companies: GameStop / Kongregate
Countries: World
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