New Bigpoint Ownership Stake
APRIL 26, 2011 • Private equity firms TA Associates and Summit Partners will pay $350 million to Comcast Interactive Capital’s Peacock Equity Fund, GMT Communications partners and General Electric to acquire a majority interest in Bigpoint GmbH in Hamburg, Germany. The online games company is thought to be valued in excess of $600 million.
Impact: Given how well Bigpoint is performing as of late, that Comcast wishes to divest itself of the online game provider is more of a testament to the cable television giant’s more focused business model than any worry about Bigpoint’s future performance. In fact, Bigpoint is shaping up to emulate Blizzard Entertainment in being a very successfully managed game company owned by others.