Video game retailer GameStop announced it's buying Kongregate, a social gaming and indie game community.
Founded in 2007 by Jim Greer and his sister Emily, Kongregate is currently home to over 10 million members who spend more than 23 million hours playing per month. The site features a unique community and social platform including achievements, profiles, chat, messaging and forums. Kongregate shares revenue from advertising and virtual goods directly with over 8,500 developers who have uploaded games to the site.
Chief Executive Officer 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.”
Jim and Emily Greer, will continue to run the site and a statement from Kongregate claims that "GameStop resources will allow us to improve the site much more quickly, but we're going to stay the same site that you have grown to know and lo- well, tolerate.".
The transaction is expected to close on Aug. 1, 2010.
Comments
I know GameStop is going to ruin that site. So sad.
RIP Kongregate
Got something to say?
Examiner.com is looking for writers, photographers, and videographers to join the fastest growing group of local insiders. If you are interested in growing your online rep apply to be an Examiner today!