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Rumour: Bigpoint is for sale for $300-$400 million – is a wave of consolidation coming?
The Financial Times has reported a rumour that German browser game company Bigpoint has appointed investment bankers and is considering a sale.
The report (written by Mergermarkets, a news service aimed at investment bankers, and behind a registration wall), says that US-based investment bank Montgomery and Co. has been appointed to “to explore strategic alternatives following strong inbound interest”.
The report says that Bigpoint had revenues of €26 million in 2008 and €10 million in 2007, although that’s quite a long time ago in online games terms. I would expect those revenues to at least have doubled by now.
Bigpoint is owned 70% by GMT and Peacock Equity (the private equity arm of NBC Universal) and 30% by CEO Heiko Hubert.
With Playfish selling last year, Bigpoint rumoured to be on the block and bankers sniffing around other European online games business, is the market about to see a wave of consolidation?