MTG combines Kongregate with Monumental for a 30 % stake in the joined entity
Modern Times Group MTG AB (publ) (“MTG”) is happy to announce that it has signed an agreement that enables US studio Monumental to acquire its USA and Chilean-based studio Kongregate.The deal brings together two gaming companies that share a strong vision of the future of gaming. Led by Monty Kerr, both studios have extensive experience in traditional mobile gaming, and the expertise to deepen and enrich the combined portfolio of more than 40 titles. MTG’s Group President and CEO Maria Redin comments: “We are happy to have found the right home for the next chapter in Kongregate’s