Gamasutra is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Gamasutra: The Art & Business of Making Gamesspacer
View All     RSS
August 19, 2019
arrowPress Releases

If you enjoy reading this site, you might also want to check out these UBM Tech sites:

Swedish entertainment giant MTG buys Kongregate for $55M

Swedish entertainment giant MTG buys Kongregate for $55M

June 20, 2017 | By Chris Kerr

Swedish entertainment group MTG, the owner of leading eSports companies Dreamhack and ESL, has agreed to purchase Kongregate for $55 million. 

MTG will acquire the publisher-developer from current owner GameStop once the transaction has gained regulatory approval. 

Kongregate was founded in 2006 and is based in San Francisco, California. The company started out as a browser based web gaming platform, but has since expanded into publishing and first party game development following the acquisition of San Diego studio, Ultrabit. 

Its web gaming portal currently features over 100,000 free-to-play titles that draw in millions of players each month, while it's also published 45 mobile titles that have amassed a combined 100 million downloads. 

Moving forward, MTG wants to acquire more first party game devs through Kongregate to help boost the publisher's global profile and fuel further growth. 

The entertainment specialist also hopes deals such as this, and its recent purchase of InnoGames, will help it become a major player in the online gaming sector. 

"Online gaming is one of our three digital entertainment verticals, and we are establishing a presence in a gaming industry expected to be worth some $130 billion in 2020, of which mobile gaming is the fastest growing segment," said Jørgen Madsen Lindemann, MTG president and CEO.

"Almost a third of the time people spend on mobile devices each day is spent gaming. We look forward to welcoming the high quality, hugely talented and well proven Kongregate team to MTG."

Related Jobs

HB Studios
HB Studios — Lunenburg/Halifax, Nova Scotia, Canada

Experienced Software Engineer
iGotcha Studios
iGotcha Studios — Stockholm, Sweden

Technical Artist
Deep Silver Volition
Deep Silver Volition — Champaign, Illinois, United States

Senior Engine Programmer
Insomniac Games
Insomniac Games — Burbank, California, United States

Lead Character TD

Loading Comments

loader image