June 20, 2017 / 6:05 AM / 4 months ago

BRIEF-MTG to acquire U.S. cross platform games firm Kongregate

June 20 (Reuters) - Modern Times Group MTG AB

* MTG to acquire U.S. cross platform games publisher & developer Kongregate

* Says Kongregate expected to generate net sales of at least $50 million in 2017 with an EBITDA margin of approximately 10 pct

* Says MTG is acquiring 100 pct of Kongregate Inc from current owner Gamestop Corp. For an enterprise value of $55 million Source text for Eikon: Further company coverage: (Reporting By Simon Johnson)

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