Monumental Will Acquire Kongregate

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Written by Dante Uzel on 13 February 2024 12:10

Kongregate.jpg



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

Sources:
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This page was last edited on 13 February 2024, at 12:49.