Bigpoint Buys Sports Games Specialist 49Games
The German deal marks Bigpoint's fourth takeover this year.
COLOGNE, Germany - German online games giant Bigpoint has bought Hamburg-based development studio 49Games, the developer of several top-selling sports titles, including Winter Sports 2011 - Go for Gold.
The 49Games team will now develop games solely for Bigpoint's online and mobile platforms.
Financial details of the deal were not disclosed.
This is the fourth major takeover by Bigpoint this year. The company develops and distributes free-to-play games such as Battlestar Gallactica and Zoomumba played on Internet browsers and makes its money - $17.5 million profit in 2009 - by charging users for extras that assist game play.
Bigpoint is flush with cash after equity groups Summit Partners and TA Associates paid $350 million for a 67 percent stake in the Hamburg-based firm earlier this year.
- John Oliver on the Luxurious 'Freedom' of HBO, His Complicated Relationship With NYC
- The Hollywood Reporter's 35 Most Powerful People in New York Media 2014
- Cannes Preview: The Hot Movies in the Running to Hit the Croisette
- CBS' $67 Million Man: Does Leslie Moonves' Moolah Make Sense?
- Glenn Beck Moves Into Movie Production (Exclusive)
- MOST SHARED
- MOST POPULAR
- 'Third Person' Trailer Shows Mila Kunis, Olivia Wilde, Liam Neeson Feeling Everything
- AMC's Hit Reality Show 'Small Town Security' Is Back For Season 3
- Bride Gives Groom 'Ghostbusters' Cake, Proves That She's A Keeper
- Ted Neeley, Original 'Jesus Christ Superstar,' Hopes Pope Francis Will Come To The Musical