Equity Fund, GMT purchase online gaming site
NBC U is going big into the online videogame biz.
Conglom’s Peacock Equity Fund arm has joined with European private equity group GMT Communications to buy a controlling stake in online videogame company Bigpoint, in a deal worth $110 million.
Bigpoint is a major player in Web-based casual gaming in Europe, where it boasts 23 million registered users for its 20-plus games.
Peacock Equity is planning to connect Germany-based Bigpoint to other NBC Universal companies to assist it in expanding its presence in North America. That could include developing casual games based on NBC U properties. There are already agreements in place for it to make a series of games that will be featured on the websites of the USA and Sci Fi networks.
“We’ll be leveraging the unique and powerful aspects of NBC Universal to develop new games and bring Bigpoint to the U.S.,” said Peacock Equity managing director Tom Byrne.
Bigpoint is the second vidgaming investment for Peacock Equity along with Trion World Networks, a U.S. company developing online multiplayer games that will be distributed via broadband. Trion already has a deal to develop a game in conjunction with a new Sci Fi series.