UNQUOTE

GERMANY - GMT and Peacock acquire Bigpoint for EUR 70m

  • Mareen Goebel
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GMT Communications Partners, together with the Peacock Equity Fund, a joint venture between GE Commercial Finance’s Media, Communications & Entertainment business and NBC Universal, have agreed to acquire browser-based multiplayer online games company Bigpoint, for EUR 70m.

Bigpoint develops and hosts browser-based games with over 23 million registered users. The company’s portfolio includes over 20 free multiplayer games that can be accessed anytime, anywhere with up to 130,000 users playing concurrently with no need to download a client application. Hamburg-based Bigpoint, which has over 150 employees, generates revenues through in-game virtual item purchases and advertising sales.

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