Monumental Will Acquire Kongregate

Mergers and Acquisitions

13 February 2024 12:10

Monumental, an Austin-based developer, has announced its acquisition of gaming publisher and web portal Kongregate. The details of the acquisition, including the sum involved, remain undisclosed. The Modern Times Group (MTG) acquired Kongregate in 2017 for $55m. Despite the acquisition, MTG will retain a 30% stake in the company. The agreement will lead to a full merger of the two companies, with Monumental CEO Monty Kerr assuming leadership of both entities. The merger will integrate the extensive portfolios of both studios, totaling over 40 games.

Tags: Monumental MTG

Share:

Sources:

Report mistake Submit news

Related news

View All

MTG Finalizes Plarium Acquisition

Modern Times Group (MTG) has successfully completed its $620 million acquisition of Plarium from Aristocrat Leisure Limited, finalizing...

Mergers and Acquisitions

Feb 14, 2025

Game Circus to be Acquired by Monumental

Monumental, an indie game developer and publisher, has acquired Game Circus, a US-based developer known for the popular social casino...

Business

Feb 20, 2024

Digital Bros Acquires Wuchang: Fallen Feathers IP for $4.6M After Soulslike Hits One Million Sales

TL;DR * Digital Bros has acquired the Wuchang: Fallen Feathers IP from developer Chengdu Lingze Technology (Leenzee) for approximately $4.6...

Mergers and Acquisitions

Apr 30, 2026

People Can Fly Acquires Cooldown Games to Launch Publishing Vertical

TL;DR * Warsaw-based developer People Can Fly has acquired Dallas-based publisher Cooldown Games for an undisclosed amount, establishing a new...

Mergers and Acquisitions

Apr 28, 2026

Atari Acquires Implicit Conversion, Studio Behind PS1 and PS2 Emulation Tech

TL;DR * Atari has acquired Implicit Conversion, the studio specialising in 32-bit era game emulation, formalising an existing partnership that...

Mergers and Acquisitions

Apr 27, 2026

Monumental Will Acquire Kongregate

Mergers and Acquisitions

13 February 2024 12:10

Tags: Monumental MTG

Monumental, an Austin-based developer, has announced its acquisition of gaming publisher and web portal Kongregate. The details of the acquisition, including the sum involved, remain undisclosed. The Modern Times Group (MTG) acquired Kongregate in 2017 for $55m. Despite the acquisition, MTG will retain a 30% stake in the company. The agreement will lead to a full merger of the two companies, with Monumental CEO Monty Kerr assuming leadership of both entities. The merger will integrate the extensive portfolios of both studios, totaling over 40 games.

Share:

Sources:

Report mistake Submit news