M&A Deal Summary

MTG Acquires Kongregate

On June 20, 2017, MTG acquired digital media company Kongregate from GameStop for 55M USD

Acquisition Highlights
  • This is MTG’s 3rd transaction in the Digital Media sector.
  • This is MTG’s 5th largest (disclosed) transaction.
  • This is MTG’s 2nd transaction in the United States.
  • This is MTG’s 1st transaction in California.

M&A Deal Summary
Date 2017-06-20
Target Kongregate
Sector Digital Media
Buyer(s) MTG
Sellers(s) GameStop
Deal Type Divestiture
Deal Value 55M USD

Target

Kongregate

San Francisco, California, United States
Kongregate, Inc. is a browser based game site with over 10 million monthly unique visitors who spend more than 23 million hours playing per month. The site features a community and social platform including achievements, profiles, chat, messaging, forums, and levels, which unifies over 30,000 games into a cohesive and addicting experience. Kongregate shares revenue from advertising and virtual goods directly with over 8,500 developers who have uploaded games to the site. Kongregate, Inc. was established in 2006 and is headquartered in San Francisco, California.

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Buyer(S) 1

Buyer

MTG

Stockholm, Sweden
Category Company
Founded 1987
Sector Media
Employees1,015
Revenue 5.5B SEK (2022)
DESCRIPTION

MTG is an international entertainment group. Its operations span six continents and include TV channels and platforms, online services, content production businesses and radio stations. MTG was founded in 1987 and is based in Stockholm, Sweden.

DEAL STATS #
Overall 9 of 13
Sector (Digital Media) 3 of 7
Type (Divestiture) 1 of 2
State (California) 1 of 1
Country (United States) 2 of 2
Year (2017) 1 of 1
Size (of disclosed) 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-17 TV3 Group

Riga, Latvia

TV3 Group is a TV-channel portfolio in all three Baltic countries with a combined 48.6% Commercial Share of Viewing (CSOV) as of Q4 2016 (target audience: 15-49), including: Three TV channels in Estonia (TV3, TV3+, TV6) Five TV channels in Latvia (TV3, TV3+, TV6, Kanals 2 and LNT) Three TV channels in Lithuania (TV3, TV6, TV8). TV3 Group is based in Riga, Latvia.

Sell kr1.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-19 TRACE

Clichy, France

TRACE is a global multi-platform media and entertainment company that is recognized as the leading youth media brand in Sub-Saharan Africa. TRACE was founded in 2003 and is based in Clichy, France.

Sell -

Seller(S) 1

SELLER

GameStop

Grapevine, Texas, United States
Category Company
Founded 1996
Sector Retail
Employees12,000
Revenue 5.3B USD (2024)
DESCRIPTION
GameStop's corporate headquarters in Grapevine, Texas.
GameStop's corporate headquarters in Grapevine, Texas.

GameStop is a video game and entertainment software retailer. GameStop was founded in 1996 and is based in Grapevine, Texas.

DEAL STATS #
Overall 2 of 4
Sector (Digital Media) 1 of 1
Type (Divestiture) 1 of 3
State (California) 1 of 1
Country (United States) 2 of 4
Year (2017) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-04 Parrot Cellular

Campbell, California, United States

Parrot Cellular operates a chain of approximately 70 retail stores that sell AT&T Wireless service, AT&T home service products, wireless telephones, accessories, and handset warranties.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-21 GameStop - Spring Mobile Business

Grapevine, Texas, United States

GameStop Corp. - Spring Mobile Business owns and operates 1,289 AT&T wireless stores.

Sell $700M
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