GameStop acquires flash gaming site Kongregate: "
GameStop may currently be known as the largest brick-and-mortar retailer of physical game media in the U.S., but the company is hoping to increase its digital presence with the purchase of flash game website Kongregate.
Kongregate currently hosts tens of thousands of free games on its website, with new games being added by the community on a daily basis -- a dynamic GameStop doesn't look to want to alter too much, as the transaction will allow Kongregate to work as a subsidiary of GameStop while keeping its current offices. Kongregate, which was founded in 2007, will be purchased by the gaming retailer on or before August 1.
Kongregate's current profit model, detailed in our profile of the company late last year is currently driven by 'Kreds,' an in-site currency akin to Facebook credits. GameStop has not revealed any plans on how its online or retail presence will integrate Kongregate's economy or content, but it's something we'll keep our eye on in the coming months.
Dave's Take: Well here we go again, free market corporate "ambition" and "vision" ruining EVERYTHING. Hey Gamestop, why not sell PS1 and SNES games again? "It's not part of our customer centric vision plan valuesBLAHBLAHBLAH......"
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