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GameStop Acquires Kongregate

Game retailer GameStop has acquired Kongregate, the purveyor of web-based games said to host 10 million games a month. Financial terms of the deal are not being disclosed, but word is Kongregate will maintain its offices in San Francisco and continue under the leadership of co-founders Jim and Emily Greer. It's not clear how they plan to monetize this acquisition, but word is: "The move is part of an effort by the Grapevine, Tex.-based video game retailer to grow its digital business."