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GameStop acquires web-based game portal Kongregate

Game retailer GameStop has said it wants to expand its digital game offerings and today the company did exactly that. Today GameStop announced that it had acquired the web-based game portal Kongregate. The site is home to over 30,000 web based games and 10 million users. Indie developers can gain revenue via micro-transactions and via ads. Financial terms of today's deal were not disclosed.

Kongregate's co-founder Jim Greer has posted up a funny FAQ on today's GameStop acquisition along with a video of Greer on the same topic (stay until the end of the video, by the way). Greer states that all employees of Kongregate will stay in their offices in California and that the site will continue to offer free games for its users. There are plans to give Kongregate users a way to link to GameStop's new PowerUp rewards program.

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