Kongregate acquired by GameStop

Flash-based games portal sold for an undisclosed sum
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US-based game retail giant GameStop has acquired leading online Flash games portal Kongregate.

The website boasts some 10 million users and is one of the most important players in the increasingly significant casual games sector. Kongregate will now act as a wholly owned subsidiary of the retailer.

The deal will also allow GameStop to evolve its website from a pure e-commerce portal to one that actually hosts a huge amount of game content.

More details on this story can be found over at MCV