US-based cable company Comcast's Peacock Equity corporate venturing fund will sell its holdings to US-based growth equity investors Summit Partners and TA Associates, whose $350m funding in Bigpoint is the second-largest investment in an online gaming company.
Two private equity firms have invested $350m in Germany-based online gaming company Bigpoint to provide a more than-four times return for its corporate venturing backer.
US-based cable company Comcast’s Peacock Equity corporate venturing fund will sell its holding to US-based growth equity investors Summit Partners and TA Associates, whose $350m funding in Bigpoint is the second-largest investment in an online gaming company and gives it an enterprise valuation of more than $600m.
Comcast took over the management of…
