Controlling share in Bigpoint purchased for $350 million

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.

This article was originally published on Massively.