GameStop acquires majority stake in Jolt Online Gaming

By Stephany Nunneley, Friday, 20 November 2009 17:47 GMT

jolt

GameStop has acquired a majority stake in free-to-play publisher Jolt Online Gaming, according to a report on Edge.

“Acquiring Jolt is significant building block in our digital business strategy. This is further evidence of our commitment to building a world-class digital business platform,” said GameStop general manager Chris Petrovic through a Game Informer subsidiary before the report was pulled.

“Combining Jolt’s expertise as a successful publisher, developer and aggregator of browser based games with GameStop’s vast multi-channel resources will enable us to shape and grow new market opportunities within the videogame entertainment industry.

“Going forward, our vision for Jolt is that it will continue its focus on working with our game publisher partners to create online games for game titles and brands that aren’t currently being exploited by the publishers themselves and then leveraging our global retail footprint to offer those games to GameStop’s customers.”

According to The Sunday Business Post, GameStop will invest between €15 -€20 million in Jolt over the next few years.

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