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Controlling share in Bigpoint purchased for $350 million

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The prolific MMO developer Bigpoint is answering to couple of new bosses today. According to Gamasutra, Summit Partners and TA Associates have banded together to heavily invest in the company -- and by doing so, to take a controlling share in Bigpoint. The two firms, which are now on the board of directors, have jointly invested $350 million into Bigpoint. These funds will recapitalize the studio and expand its presence worldwide.

Bigpoint founder and CEO Heiko Hubertz, who controls 30 percent of the company, appears optimistic: "The investment by TA Associates and Summit Partners is a validation of Bigpoint's leadership position within the gaming industry, and will give us a huge boost toward becoming one of the most successful gaming companies worldwide."

Bigpoint has a wide portfolio of titles including Battlestar Galactica Online, DarkOrbit, and the upcoming Drakensang Online.

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